Family Balance Sheet

Portfolio Overview

Roll-up as of
2026-07-27
rebuilt Aug 01, 2026 · 3:25 PM ET
Family assets
$27,654,492
gross · live equity marks
Stocks (Ian's book)
$3,022,146
day -18,427 (-61 bps)
All equities
$7,927,792
incl. managed accounts & 401ks
Real estate
$9,607,652
gross of mortgages
Business (ACM)
$10,000,000
sheet value · 2026 appraisal $9M
Cash
$119,048
family level · excl. book cash
The three sleeves
Stocks$3,022,146
Ian's liquid book: 6 suites, 20+ positions, refreshed daily by the research system.
Real Estate$9,607,652
10 properties in three buckets: dealership land, residences, rentals. No new levered buys (thesis 9).
ACM$10,000,000
The boat dealership: 3 stores. Harvest mode — release inventory capital while the consumer is stretched (thesis 8).
Allocation vs family targets
Equities
29%target 42% · -13pp
Real Estate
35%target 33% · +2pp
Business
36%target 25% · +11pp
Cash
0%target 0% · +0pp
Gold bar = current share, white tick = target. Targets from the All Assets Roll-up.
Net worth by year
YearEquitiesReal estateBusinessCashTotal
2022$3,658,091$6,425,556$10,000,000$134,048$20,217,695
2023$6,074,680$6,701,834$10,000,000$134,048$22,910,562
2024$7,635,281$7,413,037$10,000,000$1,643,460$26,691,778
2025$7,732,778$8,507,651$10,000,000$1,423,346$27,663,775
2026$7,930,897$9,607,651$10,000,000$119,048$27,657,596
now$7,927,792$9,607,652$10,000,000$119,048$27,654,492
Year-end actuals from the roll-up sheet; "now" uses live equity marks. Values gross.
Total net worth
$20M$25M$20.2M2022$22.9M2023$26.7M2024$27.7M2025$27.7M2026$27.7Mnow
Source: All Assets Roll-up + live FMP marks on the liquid book · Values gross · Not investment advice