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October, 2024: 30
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. |
10/30/24- Our total liquid assets stand at $2,457,259, up nicely since the end of September. My wife's and my nest egg of all assets, including real estate, is up $334,412 from its level as of 12/31/23 and is now worth $3,016,452.
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.
A winning strategy is to buy high Piotroski F-score stocks with the best potential gains between their target prices and current quotations, then each month to replace those no longer on a Piotroski F-Score screen with new ones that do qualify. Due to relatively higher turnover rates, this approach works better in tax-deferred accounts. Since its inception many years ago, this investment method has gained on average 14.00% a year, per AAII, though there have been long periods when the gains were significantly lower. Currently, these stocks appear to qualify: BH, CLW, FPH, GASS, IMPP, MTW, PDS, PSHG, SND, and TLF. Due to wide swings in potential returns using this method alone, some investors may find it beneficial to add additional buy criteria, such as that candidate securities have low debt to equity, price to free cash flow, and price to earnings ratios.
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.