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August, 2023: 31
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. |
8/31/23- 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.
Since the 7/14/23 entry, total liquid assets through close of trading yesterday have risen just $10,768 or 0.56% and now stand at $1,941,847. The entire nest egg, including real estate, bond assets, common stock shares, collectibles, etc., is now worth $2,544,087 a gain of $312,935, or 14.03%, since the end of 2022.
In recent days, I have met with a certified financial planner who has gone over our portfolio with me and made recommendations for increasing its potential performance. He convinced me that if we need income later - which we do not now, as our incoming funds from all sources already well exceeds our expenses - we can at that time convert our portfolio to one that is more producing of added income. Thus, our efforts to have a substantial portion of our funds devoted to dividend producing equities is like an anchor, keeping us from gaining much compared with the market averages. Similarly, he pointed out more than a third of our assets were in financial stocks and ETFs, creating another drag on portfolio performance, as these stocks tend to lag the market relative to technology assets, for instance. Finally, he said keeping a large part of our liquid assets in reserves and money market funds, as we had been doing out of concern that there might be a new bear market, also was a big drag on our performance. Bottom line, following his guidance, I shall, between now and the new year, be streamlining our portfolio in various ways and putting much less focus on safe reserves or dividend paying stocks.
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.