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December, 2024: 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. |
12/20/24- Our total liquid assets have fallen $169,865 or 7.01% in the three weeks since the last entry and now stand at $2,253,551. My wife's and my nest egg of all assets, including real estate, is now up just $131,194 or 4.09% from its level as of 12/31/23 and today is worth $2,813,234. Part of the diminished increase is thanks to a lower appraised value for our house this year, another, despite our having significant reserves, is due to a substantial fall in our equities' market value.
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.
Market and portfolio drops can be opportunities to benefit from more or better bargains. It may at such times be helpful to look at assets lately added to or increased in the portfolios of investment gurus or super investors who espouse a value approach to investing. One such exemplar I follow is Mohnish Pabrai, a follower of Warren Buffett's investment philosophy. This year he has taken an interest in coal company stocks and, indeed, he reports in videos that shares in these companies make up almost 50% of his assets under management. Coal stocks are underappreciated generally, yet coal will still be required in energy use for a number of years. The lack of enthusiasm for these assets has resulted in their having lower price to earnings ratios. Three such companies, with P/Es currently less than 8 plus a markedly lower price than intrinsic value, are:
-Alpha Metallurgical Resources, Inc. (AMR)
-Consol Energy, Inc. (CEIX)
-Warrior Met Coal, Inc. (HCC).
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.