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July, 2018: 28
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.


7/28/18-Since the prior entry (6/23/18), there have been seven sales (AEL, CVS, EXPD, INTC, O, TEVA, and VZ) from, and seven purchases (AEG, CAH, GM, HMC, SAFT, SNY, and VOD) added to our basic 15 holdings, which accordingly are as follows: AEG; BRK/B; CAH; GM; HMC; INFY; MCK; RIO; SAFT; SLB; SNY; T; VOD; WBA; and WPP.

Our liquid assets have gone down 0.27% or $3638 to $1,354,206 since that last entry. The total liquid assets' yield continues to be at least 2.0% and is above target toward achieving at least a 12/31/18 goal of $37,500.

Since the end of last year, net total assets have decreased 1.42% or $23,848 to $1,661,356.

Consistent with ongoing concern about stock market overvaluation, cash reserves still make up 20.58% of our liquid assets' total. In addition, 20.10% of liquid holdings is now invested in bond mutual funds, closed-end funds, or exchange traded funds. Thus, about 41% of liquid assets are now in money market funds, equivalent reserves, or bond securities. This will gradually be reduced to realize an ideal allocation of about 33-34% in bond or reserves assets and 66-67% in equities.

Disclaimer and Disclosure Statement
Much as I'd love it to be otherwise, I receive no payment of any kind for disseminating investment information unless, by some fluke, millions of folks, on the strength of these entries, start buying shares of stock I own, a possibility only slightly less likely than our being destroyed by a large meteorite. Do not follow any suggestions made in Investor's Journal as if I were a professional.

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.

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