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November, 2023: 4
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.


11/4/23- 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 9/26/23 entry, total liquid assets (TLA) through the close of trading yesterday had risen $20,560, or 1.09%, and now stand at $1,899,272. The entire nest egg (including real estate, bond assets, common stock shares, collectibles, etc.) is now worth $2,502,072, a gain of $270,920, or 12.14%, since the end of last year.

Through the past few weeks, have found a number of good value stocks, including: ALSN; CI; CMCSA; CVS; ELV; F; JWN; LEN; LOW; MDT; NXST; and SSNC. Ford (F), for instance, per Yahoo has a price to book value of 0.96, a P/E of 6.90, P/S of 0.24, return on equity of 14.15%, and a dividend of 5.92%. As our current holdings become long-term assets (duration in our portfolio of a year and a day or longer), they shall gradually be replaced with new undervalued securities like these. Once our total among these reaches 52, each week I'll sell any assets kept long-term that do not retain their undervalued buy characteristics, replacing them with assets that presently meet bargain purchase criteria. This process will be repeated indefinitely and should eventually supplant an approach that allocates a significant percentage of the portfolio to reserves.

Disclaimer and Disclosure Statement
Much as I'd love it to be otherwise, I receive no payment of any kind for disseminating investment information unless, by some fluke, millions of folks, on the strength of these entries, start buying shares of stock I own, a possibility only slightly less likely than our being destroyed by a large meteorite. Do not follow any suggestions made in Investor's Journal as if I were a professional.

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.

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