Home
Previous
Next
July, 2021: 25
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. |
7/25/21-Since the prior entry (6/17), the following assets were sold: BDN; CTO; EDV; FNLC; NARI; QQQ; RIO; SAFT; SLYV; SPKE; XLG; and ZI. These were purchased to replace them: BGFV; CIO; EQTIX; LSPD; NAVI; NLY; ODC; QQQE; SNOW; STX; WU; and XLE. The resulting new 25 basic holdings are as follows: AWF; BGFV; BHK; CIO; CRWD; DDOG; DX; EQTIX; LSPD; NAVI; NET; NLY; ODC; QQQE; SCU; SNOW; STX; UPST; VB; VBR; VIOO; VOO; VTV; WU; and XLE.
Inflation has risen in recent months. Given the covid-19 pandemic and various political, supply chain, workforce, and federal adjustments to the virus, including extreme levels of indebtedness, higher prices may remain with us for awhile. The above changes to the basic 25 holdings are geared toward better addressing an inflationary period.
This year's total annual portfolio dividends should easily top our target level of $54,000.
Since 6/17, liquid assets are up $4008 or 0.19% and now total $2,161,195.
Partly reflecting a 2021 jump in our home's appraised and market values, net assets of all types are up 17.40% or $378,430 since 12/31/20 and now stand at $2,553,855.
I continue to be investing on a dollar-cost-average basis in carefully selected equity assets, lowering currently higher than intended levels of reserves and bond funds. The last market drop of 5% or greater occurred last September, roughly 10 months ago. The steepest losses so far this year were earlier this July but only amounted to about 4% from the S&P 500 Index's 52-week high. On average, times of 5% or more reduction in stock prices happen about every six months. These facts do not indicate we shall see such a time of depressed quotations soon, but it would not be at all surprising. When/if this develops, a dollar-cost-average investment approach will guarantee that more shares are bought at relatively bargain prices.
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.