“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.
I treat all accounts as one portfolio.
- VGRO – 80%
- Cash – 5%
- Brk.B – 5%
- VAB – 5%
- GIC – 3%
- Asset Allocation – 70%
- Portfolio Gain (Loss)
- YTD – (645,542)
- 2021 – 728,410
- 2020 – 495,984
- 2019 – 190,513
“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.
- YTD – 21,285
- 2021 – 136,578
- 2020 – 130,610
- 2019 – 110,068
I kind of get dividend investors. I know there are these research types who try to make investing academic. But uh no. Investing is about sentiment which involves humans. And humans are notoriously hard to predict.
So I understand when dividend investors simply say “show me the money“. They don’t really care what the value of their investments are as long as they get paid their dividends. I see the simplicity of that. Because I really like seeing my dividends quarterly.
I also firmly believe that you have to love your investments. Not just tolerate them, but really love them. You have to be getting something from them.
What am I getting for mine?
I am getting to revel in my “know nothing, do nothing” approach. I do not have to ask anyone for expert opinions. I do not have to worry if I am being clever in my rebalancing. I get to be lazy. And I might even do better than all the “busy and amazing” people. Now that is loving my investment.
It ticks many of the boxes for what I’m trying to do in my life. I am not someone who holds my asset allocation ETF and just endures it. I freaking love it.
There are no guarantees with investing. Thus I will just stay with my simple, easy and enjoyable approach.