FFJ Portfolio – December 2024

Another month has flown by thus triggering this FFJ Portfolio - December 2024 report; all monthly reports are accessible here. Purchases I increased my exposure to 4 existing holdings in 'Core' accounts in the FFJ Portfolio and initiated a position in Cintas (CTAS) in one of the 'Side' accounts. Nike (NKE) 200 shares @ ~$78.48 [...]

How I Identify New Companies To Research

A common question I receive is how I identify new companies to research and whether I use stock screeners. I use the free version of the Finviz stock screener sparingly. Stock screeners are not exclusive to a single user, and therefore, any stock screener output is readily accessible by all paying subscribers. I, therefore, derive [...]

Invest In A Company With Negative Or Negligible Shareholder Equity?

Should you invest in a company with negative or negligible shareholder equity? Calculate shareholders’ equity by subtracting total liabilities from a company's total assets; both are on a company's Balance Sheet. Negative shareholder equity indicates a company's total liabilities exceeds its total assets. In many instances, this is a sign of financial distress. Not everything, [...]

Equity Exchange Traded Funds Disadvantages

Despite the following impressive statistics, equity exchange traded funds have disadvantages. Assets Under Management (AUM): In October 2024, AUM were in excess of ~$13T and had experienced a ~20% cumulative annualized growth rate (CAGR) since 2008. Number of ETFs: Over 12,000 ETFs listed globally. Market share: ETFs have more than doubled their market share relative [...]

Pass On PepsiCo

I currently have insignificant PepsiCo, Inc. (PEP) exposure within a retirement account for which I do not disclose details. As evidence of how little interest I have in this company, I have not reviewed this holding since this July 12, 2022 post. I strongly suspect that world-class athletes rarely consume PEP products. People who lead [...]

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