trukfixer
Dryer sheet wannabe
My second post here. As I mentioned in my “Hi, I Am…” intro, I’ve spent the last couple of years developing a full Investment Policy Document (IPD). I debated posting the whole thing directly, but nobody wants to scroll through 20 pages in a forum thread. So I put it in Google Docs with “anyone with the link” access. It’s mostly free of sensitive info, and it will always reflect my most current revision.
Link: Brian’s Income‑Focused Investment Policy Document (IPD)
A bit of background: I’m a former business owner, and anyone who’s built a business knows the value of a solid business plan. I used that same framework for investing — structure, rules, definitions, maintenance cycles, and a clear “why” behind every sleeve.
Part of the philosophy comes from the idea of multiple streams of income. Think of a restaurant owner with 5–6 locations. Each one might only throw off a modest return, but in aggregate the income becomes meaningful. I applied that same logic to portfolio construction: many small, reliable income engines adding up to something substantial.
One note for context: my IPD references “sleeves” and definitions that tie into my physical 3‑ring binder system. I keep a paper sheet for each ticker in actual binder sleeves, and I mirror the same sleeve structure on Yahoo Finance for day‑to‑day tracking. (Yahoo is the only tracker I’ve found that can accumulate multi‑year dividends into a true total‑return figure.) The sleeve structure is similar to how an ETF manager organizes holdings — which is part of how this whole system evolved.
So I’m curious: does anyone else maintain an IPD or business‑plan‑style document for their portfolio? If so, I’d love to hear how you structure yours. And if you read mine, I’m open to thoughts or critique.
One final note: I actually use CoPilot to help me write these posts - I draft my posts in Copilot first to keep them focused — otherwise I tend to wander. Just mentioning that in case the writing style seems more polished than my usual brain‑dump.
Link: Brian’s Income‑Focused Investment Policy Document (IPD)
A bit of background: I’m a former business owner, and anyone who’s built a business knows the value of a solid business plan. I used that same framework for investing — structure, rules, definitions, maintenance cycles, and a clear “why” behind every sleeve.
Part of the philosophy comes from the idea of multiple streams of income. Think of a restaurant owner with 5–6 locations. Each one might only throw off a modest return, but in aggregate the income becomes meaningful. I applied that same logic to portfolio construction: many small, reliable income engines adding up to something substantial.
One note for context: my IPD references “sleeves” and definitions that tie into my physical 3‑ring binder system. I keep a paper sheet for each ticker in actual binder sleeves, and I mirror the same sleeve structure on Yahoo Finance for day‑to‑day tracking. (Yahoo is the only tracker I’ve found that can accumulate multi‑year dividends into a true total‑return figure.) The sleeve structure is similar to how an ETF manager organizes holdings — which is part of how this whole system evolved.
So I’m curious: does anyone else maintain an IPD or business‑plan‑style document for their portfolio? If so, I’d love to hear how you structure yours. And if you read mine, I’m open to thoughts or critique.
One final note: I actually use CoPilot to help me write these posts - I draft my posts in Copilot first to keep them focused — otherwise I tend to wander. Just mentioning that in case the writing style seems more polished than my usual brain‑dump.
Yeah I was at Bogleheads too, but found that most , if not all, seem to be of the growth oriented opinions, while I am more of the "think like the ultra-rich with endowments and trusts under management" type of fund administrator - I.E. rather than have taxable income, just borrow against the assets and let income from the assets pay it off, thus little to no taxable income. Except mine are riskier, higher yielding assets (for now at least) rather than having to sell assets to realize the income. (which growth types have to do to get money out of their portfolios if it isn't paying enough in yields) If I had a few millions I could park it in a 20% growth with 2% yield and live off the income from yields, but I don't , so I had to plan around high yields to achieve that growth without selling assets to pull capital. So, I found this forum where it seems there's more folks that look to income oriented investing as opposed to growth investing...
