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Strategies & Market Trends : Young and Older Folk Portfolio
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To: chowder who wrote (817)3/7/2022 6:46:38 PM
From: chowder2 Recommendations

Recommended By
misscbd
red cardinal

  Read Replies (2) of 21802
 
Re: Middle Age Portfolio ... Buys and Sells.

With this portfolio I am still looking for yield, still needing to generate more income in order to meet the income objective at the time of retirement. With this in mind, I trimmed a few overweight positions and added to quite a few other positions in an attempt to increase dividend cash flows.

I trimmed the following positions:

ABBV, AVGO and DNP. I sold DLR in its entirety.

ABBV was a 4x sized position and was the largest holding in this portfolio. I trimmed ABBV back to a 2x sized position so it's still way overweight.

AVGO was simply trimmed back to a full position as was DNP.

With the proceeds from these sales, I purchased several CEF's, looking for yield.

AIO - 8.75% yield
BHK - 6.79% yield
EOI - 7.40% yield

I then added a couple of high yield ETF's.

QYLD - 14.40% yield
RYLD - 12.97% yield

I took out new positions in:

ARE, EQIX and PLD (all REIT's), I added to APD, EPD and MS. I then took out a new position in UL.

Bottom Line:

The positions sold generated $1,504 in dividends/distributions annually.

The new positions will generate $2,518 in dividends/distributions annually - a 67.4% increase in income.
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