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September 2021 Financial Update

“Don’t tell me what you think, tell me what you have in your portfolio.”

― Nassim Nicholas Taleb, Skin in the Game: Hidden Asymmetries in Daily Life

My Investment Philosophy

  1. Diversify – investments and taxes.
  2. Do nothing – automate.
  3. Develop margin of safety – allow assets to compound.

Networth%

  1. Equities – 41%
  2. Bonds – 16%
  3. Cash – 8%
  4. Real Estate – 36%
    1. Home – 24%
    2. Extra Unit – 7%
    3. Office Unit – 5%
  5. Other – 0.5%
  6. Networth Gain (Loss)
    1. YTD – 753,159
    2. 2020 – 923,032
    3. 2019 – 733,269

Portfolio

I treat all accounts as one portfolio.

  1. Portfolio
    1. VGRO – 75%
    2. Cash – 10%
    3. VAB – 6%
    4. Brk.B – 4.6%
    5. GIC – 4%
  2. Asset Allocation – 64.7%
  3. Portfolio Gain (Loss)
    1. YTD – 330,563
    2. 2020 – 495,984
    3. 2019 – 190,513

Mailbox Money

“Life is really simple, but men insist on making it complicated.” Confucius (BC 551-BC 479) Chinese philosopher.

I have zero alpha.

I want “know nothing, do nothing” mailbox money.

  1. September 2021
    1. Interest – 176
    2. VAB – 923
    3. Total – 1,099
  2. 12 Month Trailing – 121,927
  3. Mailbox Money
    1. YTD – 88,456
    2. 2020 – 125,388
    3. 2019 – 107,264

September 2021

Well another academic year has begun. My daughter has started the last year of her undergraduate degree. Thank goodness.

Life got busy with multiple home projects and many appliances needing replacement. If one reviews their activities, you will notice a lot of hassle related to upkeep of one’s home and cars.

So no vacation property for me thanks. I would rather rent during vacation.

I think we have become dividend investors without realizing it. It started as a semi joke about the mailbox money. But I can live off these amounts already. And we have another decade of practice left.

I am grateful that we like what we do. It is a more meaningful activity than volunteering for me. To each his own I suppose.

With respect to dividend investing, I completely understand the behavioural bias. I understand why people hold onto my 100% stocks if it pays an income stream.

Not much new on my end. The market is ripping up my profits from earlier this year.

I am grateful that I just. don’t. care.

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