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January 2022 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

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


  • Equities – 43%
  • Bonds – 18%
  • Cash – 4%
  • Real Estate – 37%
    1. Home – 25%
    2. Extra Unit – 8%
    3. Office Unit – 5%
  • Other – 0.5%
  • Networth Gain (Loss)
    1. YTD – (196,495)
    2. 2021 – 1,250,255
    3. 2020 – 923,032
    4. 2019 – 733,269


I treat all accounts as one portfolio.

  • Portfolio
    1. VGRO – 80.7%
    2. Cash – 5%
    3. VAB – 5.5%
    4. Brk.B – 5%
    5. GIC – 3.8%
  • Asset Allocation – 69.5%
  • Portfolio Gain (Loss)
    1. YTD – (238,521)
    2. 2021 – 728,410
    3. 2020 – 495,984
    4. 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.

  • January 2022
    1. Interest – 4,582
    2. VAB – 644
    3. VGRO – 33,966
    4. Total – 39,193
  • Mailbox Money
    1. YTD – 39,193
    2. 2021 – 105,581
    3. 2020 – 125,388
    4. 2019 – 107,264

January 2022

Well the finances are simple now. Thank goodness since I am once again the backup for any practice upheavals. No need to multitask since I do not have much to deal with financially.

I certainly see the benefits of switching out of the GICs and VAB with their irregular payments. I will not need a spreadsheet to keep track of my maturing GICs.

Berkshire does not pay anything so in a sense it is the easiest stock to hold. Nothing to do until we sell it. It took four buys to purchase my shares so the paperwork will be minimal when I sell.

When all the GICs and VAB gets converted to VGRO, I will be left with my corporate account and taxable account where I need to track ACB (adjusted cost base).

Tracking mailbox money will be quarterly dividend payments of VGRO between all our accounts. I enjoy the quarterly dividends. My son also enjoys this and has decided to use VGRO (80/20) as well.

My daughter likes to spend. Thus she has decided to go with VEQT (100% equity) mainly to forget about her investments with its yearly distribution. Because nothing happens in her accounts except in January.

People can laugh at how I am structuring my finances. But it does come down to knowing oneself. I despise complexity especially for something which I have zero control over such as the stock market.

So the best way to deal with it is to dumb it down so that I can see my holdings easily. It works for me and that is the only bar I need to meet.

The most noticeable shift has not been the ability to buy more things or experiences. But it has been in the lack of care when life throws financial curveballs. I am able to observe myself simply not caring when the usual large household expenses come up.

Perhaps this has to do with us still working. But whatever it is, I am pleased with this side effect. Thus wealth has been about providing reserve for the usual life happenings that come up financially.

It is not lost on me that we will own our home, VGRO and some cash. That’s all that we will use to take care of our finances.

I tell the kids to save and live within their means plus use VGRO and VEQT. I tell them that if this doesn’t work, well I have no other solution for them. It’s frightening how clear I am about our situation.