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December, 2021: 20
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. |
12/20/21-The following assets were sold since the prior entry (11/30/21): CRWD; DX; NET; SAFT; SCU; UPST; and ZI. They were replaced by these: BGFV; CEFS; DKS; FAGIX; FSPHX; PCEF; and PCN.
Our complete list of basic 25 holdings is thus: AMPL; AWF; BDN; BGFV; BHK; CEFS; DDOG; DKS; EDV; EQTIX; FAGIX; FSPHX; HMY; IMKTA; MNDY; NLY; PCEF; PCN; QQQE; RIO; SLNH; VIOO; VTI; WU; and ZS.
Annual portfolio dividends currently stand at over $55,000, hence exceeding the 2021 target of $54,000. (Our aim for liquid assets is to assure, from their latest base of $50,000 in 2020, at least an 8% increase in total dividends per year.)
Liquid assets are down $71,389 or 3.20% since 11/30 and currently stand at $2,162,952.
Assets of all kinds (real estate, equities, collectibles, etc.) are up 17.55% since 12/31/20. Our nest egg total is now $2,557,152, a $381,727 increase over its level at the end of last year.
Although we have experienced a loss of about 10% in our liquid assets over the past almost two months, the drop would have been greater except for a significant proportion of assets being in bond holdings or reserves. Despite such risk-adjusting measures, our nest egg has averaged annual increases of better than 17% for the past three years.
In my view, caution is as yet appropriate, given that the stock market, even after a drop of about 7% since its high last October, is quite overvalued. Happily, there is a big advantage in falling stock prices: more and greater bargains for those willing to keep investing through periods of retrenchment. On the other hand, we should not be too sanguine. Markets have fallen 50% and more from the levels of overvaluation that remain.
During this interesting and perhaps challenging phase, I am putting a roughly equal amount each month into each of three areas: 1. stocks with aspects of good value, such as high dividends or low price to book, for instance NLY or HMY; 2. equities possessing both value and momentum characteristics, such as DKS; and 3. growth securities, such as DDOG and QQQE.
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.