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August, 2024: 24
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.


8/24/24- Our total liquid assets stand at $2,277,811, down $719 or 0.03% from their level at the end of July.

Our nest egg of all assets, including real estate, is up $154,294, or 5.75% since the end of last year and is now worth $2,836,334.

My wife's and my core 25 holdings remain as in our last entry. The plan is simply to post them through the end of 2024 or till they have been held a year and a day, whichever later. Once again, they are as follows:

Dividend Assets CHK; CMCSA; F; FINV; JWN; NXST; SD; WFC;

Value Assets ALSN; BOOT; CPE; GPOR; INMD; INSW; JKS; NEXN; PBF; SBOW; SWN; ZYME;

Growth Assets CELH; MNDY; NARI;

Exchange Traded Funds [ETFs] QQQ and VBR.

While each investor is encouraged to do his or her own due diligence, since the prior entry I have found these further assets that I believe have excellent price to value ratios:

LKQ - LKQ Corporation
MHO - M/I Homes
MOV - Movado Group
PSHG - Performance Shipping
TEN - Tsakos Energy Navigation, LTD.

When one invests in a basket of such stocks, they should on average do nicely and also stand a better chance than for the overvalued market as a whole (the S&P 500 now having, I understand, a P/E ratio of about 22, whereas 15 is more the norm) of maintaining comparatively good performance in a bear market.

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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