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September, 2022: 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. |
9/24/22- In the current economic environment it is hard to know where it is safe to invest. Bond assets, cryptocurrencies, domestic and international equities, gold, and real estate are all down. Am moving significantly into a lower risk stance. Reserves have been raised, and since the last entry (8/14/22), our shares of the following have been redeemed: AAPL; DDOG; NET; PYPL; and RGR. These assets were bought to replace them: ACCO; EGLE; SB; SXC; and VTI. The revised basic 25 holdings are as follows: ACCO; APA; CRWD; EGLE; GPI; ITOS; MRO; PICK; QQEW; RIO; RSP; SB; SNAP; SWBI; SXC; VBR; VIOO; VIR; VOO; VTI; VTV; WIRE; WU; XLV; and ZBRA.
The portfolio remains easily on track to provide total 2022 dividends of at least $58,320. (Our goal continues to be that the amount of total portfolio dividends increase yearly by at least 8%, from their latest base amount, $50,000, in 2020.)
Our total liquid holdings are down $222,037, or 11.78% (!), since last month's entry and now stand at just $1,663,380. Assets of all kinds (real estate, equities, collectibles, etc.) are down 17.80%, or $468,487, from their level at the end of the previous year. They are now valued at $2,163,450.
Looking back, it is possible to see things more optimistically. My wife and I began our married life back in 1985 with $5000 and less than $100 in total annual dividends. A bit over five years ago, in late August, 2017, our liquid assets amounted to more than $400,000 less than currently, at $1,233,048. If we live through the next five years, hopefully we shall again be able to note nice gains. For all of us, here's to a good life in the interim and, if not before, to a healthier portfolio by 2027!
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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.