Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (248)	8/2/2021 12:31:01 PM
From: chowder	Read Replies (1) of 21712

Re: Young Folk Portfolio ... Add on purchase. Today I added to IRM. A full position in this portfolio is $6,000. Today's add on purchase brought the value of IRM up to $3,652, just above a half sized position. I added to IRM today for several reasons. The position needs to be built up in size to a full position. I wanted the high 5.62% yield it provides. And on July 9 Hedgeye added IRM as a new best idea. Some of the holdings in this portfolio are set up for dividend reinvestment, others the dividends are collected in cash and invested selectively. IRM is basically a dividend reinvestment play for now. The high yield should help assist in building the share count more easily.

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