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August, 2018: 17 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. |
8/17/18-Since the prior entry (7/28/18), there has been one sale (WBA) from, and one purchase (AYX) added to our basic 15 holdings, which accordingly are as follows: AEG; AYX; BRK/B; CAH; GM; HMC; INFY; MCK; RIO; SAFT; SLB; SNY; T; VOD; and WPP.
Our liquid assets are up 2.97% or $40,246 to $1,394,452 since that last entry. The liquid assets' yield continues to be at least 2.0% and is on target toward a 12/31/18 goal of $37,500.
Since the end of last year, net total assets have increased 0.99% or $16,608 to $1,701,812.
In a few days, I intend a major expansion of the basic holdings, to 25, after which the plan is each 4 weeks (except when on vacation) to sell just one stock and buy only one asset to replace it. The allocation, roughly 67% in equities and 33% in reserves or bond holdings, will continue, with annual rebalancing to restore target percentages when they are significantly outside intended levels.
8/28/18-Since the prior entry (8/17/18), there has been one sale (SAFT) from our holdings. As mentioned in the last entry, we have expanded our core holdings to 25. To accommodate that, in addition to buying USB to replace SAFT, the following ten assets have been purchased: BRX; GAIN; GILD; LYB; MDB; NHC; NTNX; OLP; PVTL; and TWLO.
Accordingly, our now basic 25 holdings are as follows: AEG; AYX; BRK/B; BRX; CAH; GAIN; GILD; GM; HMC; INFY; LYB; MCK; MDB; NHC; NTNX; OLP; PVTL; RIO; SLB; SNY; T; TWLO; USB; VOD; and WPP.
Our liquid assets are up 1.59%, or $22,196, to $1,416,648 since that last entry. The liquid assets' yield continues to be at least 2.0% and now exceeds our 12/31/18 goal of $37,500.
Since the end of last year, net total assets have increased 2.31%, or $38,874, to $1,724,078.
As noted previously, the intention henceforth is to sell just one asset from our basic 25 holdings each 4 weeks (except when out of town on vacation) and to buy in that period just one new asset to replace the one redeemed. We shall also maintain an allocation of 67% in equities and 33% in bond assets or reserves, rebalancing and restoring those allocation percentages annually.
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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.