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May, 2024: 29
Disclaimer - IMPORTANT - Read this first!
| Investor's Journal is a diary focused strictly on investments and personal finance issues, primarily from a contrarian and retiree point of view. Follow along with an average guy's failures and successes as he learns, by trial and error, the fine art of value investing. |
5/29/24- As another month winds down, little has changed in our overall results. Total liquid assets have gained just $22,986 or 1.06% since the end of April.
The nest egg of all our assets, including real estate, is up merely $58,880, or 2.20% since the end of last year and is now worth $2,740,920.
Our basic 25 holdings remain as in our last entry, and the plan is simply to post them through the end of 2024 or till they have been held a year and a day, whichever later. Once again, they are as follows:
Dividend Assets CHK; CMCSA; F; FINV; JWN; NXST; SD; WFC;
Value Assets ALSN; BOOT; CPE; GPOR; INMD; INSW; JKS; NEXN; PBF; SBOW; SWN; ZYME;
Growth Assets CELH; MNDY; NARI;
Exchange Traded Funds [ETFs] QQQ and VBR.
Warren Buffett along with his late partner, Charlie Munger, have long touted the wisdom of purchasing stocks with significantly lower per share prices compared with their intrinsic values. Conservative estimates of many assets' intrinsic value are available online, for instance, from Guru Focus. Further, it is possible to get extra help with analyzing securities from such sites as Yahoo Finance and Finviz. Using these resources as well as Schwab, I have found these value bargains: DAC; GSL; HCC; and TS. As usual, it is best for each investor to do his or her own due diligence, but from my perspective a portfolio of common stocks like these, held till they each have a price to intrinsic value of 1.00 or above, will probably perform well.
Disclaimer and Disclosure Statement
Neither I nor Investor's Journal will be responsible for losses by anyone who obtained ideas from this site.
This diary is intended for personal interest and general information only. You are advised to do your own research (as well as to consult highly compensated professionals) before spending money on anything.
I know of no reason anyone should take my financial musings seriously. At best I am a dedicated amateur providing a bit of investment-related insight and entertainment, at worst an amusing diversion.
My wife, Fran, and I may at times own shares of some of the assets mentioned here. But neither of us receive any benefit from reference to them, unless you count the mutual misery when we get it wrong, or the opportunity to gloat when we get it right.