Home
Previous
Next
July, 2023: 14
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. |
7/14/23- As mentioned before, we are retaining our basic 25 liquid assets through 2023, for a year and a day, but are showing their categories and ticker symbols among each month's entries:
Dividend Assets ANBEX; CHK; EGLE; EQTIX; FYLD; JXN; LVHI; PCN; PMFYX; and WU.
Value Assets FNF; LSEA; SM; VIR; and WIRE.
Growth Assets BILL; DDOG; NET; S; and SNOW.
Exchange Traded Funds [ETFs] at a Discount QQEW; QQQ; VTI; VB; and VIOO.
We also continue on a dollar-cost-average basis to add shares of higher yielding stocks or ETFs in order to achieve our target level of total portfolio dividends for 2023, $62,986.
Since the 6/29/23 entry, total liquid assets through close of trading yesterday have risen $38,127 or 2.01% and now stand at $1,931,079. The entire nest egg, including real estate, bond assets, common stock shares, collectibles, etc., is now worth $2,532,829 a gain of $301,677, or 13.52%, since the end of 2022.
It seems market traders, whose behavior is usually a leading economic indicator, may be assuming that positive conditions prevail in the months ahead, with inflation largely tamed, a soft landing by the Fed or at least no more than a mild recession next year, a cessation after 2023 of higher federal interest rates, and Putin not benefitting from his aggression against Ukraine. If all these variables work out as speculated, a continued overall rise in domestic stocks would appear to be likely. On the other hand, if one or more of them prove too optimistic or if unanticipated negative developments occur, declines are quite possible. We remain conservatively allocated.
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.