I’ve decided to post my stock portfolio even though it’s looking pretty pathetic at the moment. It’s really just one small lot of shares in the Commonwealth Bank of Australia and some left over dividends that were paid out years ago from some Coca Cola Amatil shares that I sold. I’ll update it each month as I plan to add to it every month, even if it’s the minimum amount possible.
My goal with this stock portfolio is to have more than one million dollars worth of mostly high dividend income producing companies that are increasing profits each year. The idea is to have a passive investment income of roughly $50,000 per year to cover all living expenses.
I’ll be sticking to Australian stocks as I know them best and I like 100% fully franked dividends as 30% tax has already been paid on them. I also like reinvesting dividends as it’s mostly a set and forget strategy.
I’ll also include my Family Fund portfolio which is a fund that my brother, two of my sisters and I started a couple of years ago. They know zero about finance and none of them have ever bought a stock in their life, but I made them give me $50 a month to invest. We later increased the amount to $100 each per month and we now have a decent amount in the portfolio. We might buy a rental property eventually, who knows. But for now it’s just steadily increasing in the background and none of us really notice $100 missing each month.
My Stock Portfolio (Freedom Fund)
Yes, I call it my “freedom from slavery fund” as we’re all slaves unless we have a passive income source that will last us for the rest of our lives. If you’re not super-rich you’re a slave, it’s that simple. The super-rich can also be slaves but it’s their choice. They can stop working and still live the good life with almost unlimited choices.
I plan to continue adding to my CBA shares until I reach $3000 and then I’ll start buying another company, probably something healthcare related like CSL. I’m not sure what to do with my Coca Cola Amatil shares (CCL) as they’re too small to even bother selling and I don’t really want to buy more as I don’t like the company. The aim is to have between 10 and 15 holdings in my portfolio.
|Code||Avail Units||Purchase($)||Last($)||Mkt Value($)||Profit / Loss($)||Profit / Loss(%)|
# Purchase is the average price paid per share and is updated each time I buy another lot.
Click on the stock ticker codes to see more about the company and why I like it or why I have stopped buying it.
This is divided between 4 people, so we each have about $4,188 invested as of September 2017. I invest slightly differently with this portfolio and have more growth stocks. I’ll start to add more income producers though as I don’t want to spend too much time watching the ups and downs of the market. I might buy an Exchange Traded Fund or two for this portfolio too, just to diversify it more.
Domino’s Pizza has been my worst performer by far. I probably should have sold it already but I think they’ll come back. There was some bad news regarding wages but all is good. They’re growing and increasing profit so I’m not too concerned.
|Code||Description||Quantity||Mkt.Price||Avg.Price||Market Value||Gain/Loss Value||Gain/Loss Percent|
|DMP.ASX||DOMINO’S PIZZA ENTERPRISES||60||43.15||62.2||2589||-1148.35||-30.7|
|RHC.ASX||RAMSAY HEALTH CARE||70||68.31||60.8||4781.7||523.5||12.2|
The Family Fund total stocks held is $14,785 with $1,967 cash which comes to a total of about $16,752
I’ll update the stock portfolio page each month when I update my monthly income report.
Portfolio last updated: September 1, 2017.