A couple of weeks ago I wrote a guest post called The Magic Dividend Cocktail for DividendGrowthInvestor. If you’re at all interested in dividend growth investing, you might want to check-out that guest post! It was a fun one to write.
The post seemed pretty successful, and I got a whole gaggle of brand new visitors here at Mr. Tako Escapes… and all these new folks were asking questions! The most common question was: “Where can I find your portfolio?”
I must have been asked that question a dozen times!
No Time To Answer!
Right now the family is super busy packing for our big trip to Japan. We leave in just a couple days. Besides packing the bags, we’ve had to do a lot of prep work like — prepaying all of our bills, getting an international driver’s license, finishing another guest post for Mr. 1500, putting a hold on our mail, and cleaning up the yard & garden for fall.
It’s been a big rush to get everything done, and I have to apologize for not having the time to reply to everyone. Sorry!
Instead of trying to reply to everyone separately, I’ve decided to write a post to answer this big question… hopefully once and for all.
1. I’m Not A Financial Advisor
Nor do I want anyone thinking I’m a financial advisor. In the United States, financial advice is a very regulated industry. All individuals providing financial advice must be registered and licensed. Those that hold these licenses must uphold a certain fiduciary standard and must comply with laws around selling investment advice.
While I talk about stocks all the time on, I don’t plan on “selling” investment advice. It’s an industry that seems pretty dishonest to me (or at least very deceptive), and I’d rather avoid that. Reputation and integrity is everything.
I blog mainly for the fun of it, not because I’m looking to profit by selling the stock recommendations. I blog about investing because I find investing and finance fascinating. That, and I want to help people learn about it (especially my kids).
I love having the freedom to explore different investing ideas on a whim. If I was to start “selling something”, this blog would quickly become a J.O.B.
I’ve had a few of those — jobs aren’t that fun.
This is exactly why you don’t see me shilling for Personal Capital like so many other personal finance blogs. I’m far happier writing a blog about whatever the hell I want instead of what sells the most Personal Capital sign-ups.
2. I Don’t Want To Get Sued
Yes, it’s possible someone could sue me. Compare to most bloggers, I run a highly concentrated portfolio which is a mix of index funds, individual stocks, and preferred shares. Doing this is considered “risky” according to standard investment advice. (I happen to believe it’s actually less risky, but that’s a post for another time)
Maybe I’m a little paranoid, but I want to avoid any lawsuits from people claiming I lost them money after “recommending” a portfolio of stocks. Publishing a portfolio could be construed as a recommendation, and it seems safer to avoid that. The website does have a Disclaimer page that’s supposed to eliminate a lot of that nonsense, but I don’t really want to have to test it.
Frankly, I’ve been through a couple of lawsuits already, and they’re a huge pain in the ass. Regardless of what’s involved, it’s always the lawyers make out best in lawsuits.
3. It’s Already Possible To Figure Out…
Yes, it’s true! Long-time readers should already know (roughly) what’s in our portfolio — I talk about it in bits and pieces all the time. For example. once a month in my Dividend Income and Expense Reports I write about what I bought or sold that month. At the end of the year I also publish an annual net worth post (2015 is here, and 2016 is here).
Occasionally I’ll even do a more detailed analysis about a new investment idea I’m excited about.
I realize this isn’t exactly the detailed listing that people want, but if you’re a frequent reader of this site you can easily figure it out.
What About A Non-Public Release?
Certain people have also emailed me asking if I’d release my portfolio privately — perhaps only to a select group of people interested.
This is an interesting idea — What if I sent out a portfolio listing only to an email list or similar small group? Assuming I could wrap the details in enough legalese to protect myself, is this something that would interest people?
I’m curious to know what my readers think about this topic, so please comment below and let me know what you think!