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February 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

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

Networth%

  1. Equities – 43%
  2. Bonds – 16%
  3. Cash -3%
  4. Real Estate – 38%
    1. Home – 25%
    2. Extra Unit – 8%
    3. Office Unit – 5%
  5. Other – 0.5%
  6. Networth Gain (Loss)
    1. YTD – (196,495)
    2. 2021 – 1,250,255
    3. 2020 – 923,032
    4. 2019 – 733,269

Portfolio

I treat all accounts as one portfolio.

  1. Portfolio
    1. VGRO – 80.5%
    2. Cash – 5%
    3. VAB – 5.6%
    4. Brk.B – 5%
    5. GIC – 3.3%
  2. Asset Allocation – 69.7%
  3. Portfolio Gain (Loss)
    1. YTD – (266,292)
    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.

  1. February 2022
    1. Interest – 2,521
    2. VAB – 1,102
    3. Total – 2,624
  2. Mailbox Money
    1. YTD – 41,819
    2. 2021 – 117,558
    3. 2020 – 125,388
    4. 2019 – 107,264

February 2022

It’s another month of doing nothing with my investments. That is positive.

Work has become much busier so it is great to do nothing with the finances.

Even with tax season upon me, I don’t seem to care. There is only a T3 from VGRO and T5’s from my bank accounts. And that’s it.

I have always had strong financial habits but combining this with keeping things simple has been nothing short of life changing.

I remind myself that I have zero control over financial markets. The only thing I can do is figure out my plan and keep it simple.

I tell my children to use one Visa, one bank account and one brokerage account. If I could keep things that simple, I would.

I also notice that my accountant charges me the same no matter how simple I make it. Interesting.

So the best part of being an index investor is that I can completely ignore things and it still works.

Not much else in my life works that way. Good luck keeping your career afloat by doing nothing.

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