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August, 2022: 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. |
8/14/22-Since the last entry (7/24/22), a number of our assets are up nicely and now may not have the potential of a few others. Accordingly, the following have been redeemed at a profit: ABNB; BEAM; BWA; DKS; ILMN; and TEAM. These assets were bought to replace them: CRWD; GPI; PICK; SNAP; SWBI; and WIRE. The revised basic 25 holdings are as follows: AAPL; APA; CRWD; DDOG; GPI; ITOS; MRO; NET; PICK; PYPL; QQEW; RGR; RIO; RSP; SNAP; SWBI; VBR; VIOO; VIR; VOO; VTV; WIRE; WU; XLV; and ZBRA.
The portfolio remains on track to provide total 2022 dividends of at least $58,320. (Our goal is for portfolio dividends to have an annual 8% or better increase, from their latest base amount, $50,000, in 2020.)
Liquid assets are up $157,415, or 9.11%, since 7/24 and now stand at $1,885,417. However, this year assets of all kinds (real estate, equities, collectibles, etc.) are down 5.72%, or $150,570, from their level at the end of 2021. They now total $2,481,367.
Have decided to hold a little contest against myself, a challenge pitting better passive investing ETF picks against my best efforts at active investing. Expect to keep the competition going through the next bull and bear markets (assuming I live long enough to see it through!). As of 7/26/22, an equal investment was begun in each of the ETF assets cited in the last entry as together having a decent chance of beating the S&P 500 Index in the long-term, QQEW; RSP; VBR; VIOO; VOO; VTV; and XLV. Periodically, I'll calculate the results for those securities vs. the percentage gains or losses for the actively managed portions of the portfolio, from their initial market value at the time of the investment in the lower risk ETFs. Through the close of trading on 8/12/22, the contest's low risk ETFs are up about 6% while the actively managed approach so far is doing a little better. The plan is to put 100% into whichever long-term method does best through the next bull and bear cycle.
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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.