FFJ Portfolio – Early August 2019 UPDATE

The purpose of this brief FFJ Portfolio update is to disclose that I exited positions on July 31st and August 1st, 2019.

Two of the positions I exited were held in ‘Side Accounts’ within the FFJ Portfolio. All other positions were held in one of the accounts for which I do not provide information.

The purpose of this very brief post is to disclose that I have just recently liquidated multiple positions.

On July 31st I exited positions and generated low 6 figures USD and mid 5 figures CDN. None of the positions I exited were components of the FFJ Portfolio, and therefore, I made no mention of these sales in my FFJ Portfolio – July 2019 Report.  In hindsight I should have at least included a brief note about these sales but I did not deem the dollar value of these sales to be material.

I then exited more positions on August 1, 2019. Once again, the amount raised was a total of low 6 figures USD and mid 5 figures CDN.

When I combined the dollar value raised on both days the combined value reaches a level in which I am of the opinion disclosure is warranted. Furthermore, two of the positions I exited were holdings within ‘Side Accounts’ of the FFJ Portfolio.

The two positions held in ‘Side Accounts’ which I exited are 3M Company (MMM) and Illinois Tool Works Inc. (ITW). I now have no exposure to ITW but I still have a position in MMM in the ‘Core Accounts’ in the FFJ Portfolio and also in accounts for which I do not disclose details.

All funds raised from these sales are now held in a Money Market account.

For several months I have been cautiously optimistic that valuations would retrace to reasonable levels. This is why I recently decided to raise cash in positions I did not view as ‘must keep’.

Other than the above recent transactions I currently have no plans to reduce my exposure. In fact, I am looking to buy when I see attractive opportunities.

I wish you much success on your journey to financial freedom!

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