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December, 2023: 9 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. |
12/9/23- We are retaining our basic 25 liquid assets through 2023 (and overall 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 11/4/23 entry, total liquid assets (TLA) through the close of trading yesterday had risen $87,592, or 4.61%, and now stand at $1,986,864. The entire nest egg (including real estate, bond assets, common stock shares, collectibles, etc.) is now worth $2,590,014, a gain of $358,862 or 16.08%, since the end of last year.
Our net nest egg total has not yet regained its level at the end of 2021. However, it has at least overcome most of a steep slump that had lasted from early 2022 through much of this year.
Am currently focused on a handful of assets having the most promise, good companies available at a discount to their value: Allison Transmission (ALSN); Ford (F); and Nordstrom (JWN). In the next few weeks, I expect to be concentrating new investments in these three.
On June 22, 1985, when my wife and I got married, the total net worth between us was $10,000, give or take a few dollars. Despite the slump noted above, with the overall nest egg amount effective today, the average compounded annual increase in the nest egg through those 38+ years has been about 15.50%, not a bad record. Of course, this result has been affected by both our savings and our budgetary expenses, the calculations for each of which would be too hard to accurately factor in. Actual average compound gains of our investments alone, though, must have been significantly lower.
12/30/23- Our net nest egg total has at last more than regained its level from the end of 2021. The nest egg total, which includes real estate, collectibles, etc., has risen $450,888, or 20.21% from its level at the end of 2022 and as of today stands at $2,682,040.
Total 2023 year-end liquid assets (TLA) comes to $2,078,680. This is a gain of 4.62% from our 12/9 entry level and is up 20.12% for the year. These advances did not match the S&P 500 Index (up about 24% this year), but, thanks to the portfolio's substantial reserves or money market funds component, on a risk-adjusted basis actually did better.
We are retaining our basic 25 liquid assets through 2023 (and, overall, 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.
I am now 80. Time will tell if I can attain such a target, but will be very pleased if in my final years I can maintain a compound average return from our value-oriented equities of 13% or better, since their low point at the end of 2022. If manage this in 2024, the stocks and stock funds portion of our TLA will be at least $1,988,768 by this time next year. They stand at $1,847,970 today, so it does not at this point seem a great stretch. Another $230,710 of the portfolio remains in reserves and money market funds.
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.