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Strategies & Market Trends : Young and Older Folk Portfolio
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From: chowder3/5/2023 2:25:41 PM
3 Recommendations

Recommended By
Menominee
red cardinal
Waitress

   of 21904
 
Re: Young Folk Portfolio ... Heads Up

Upon further review, I have decided to liquidate the JNJ position in the Young Folk Portfolio tomorrow (Monday). I haven't decided what I will replace it with.

There is just too much uncertainty surrounding this company with the lawsuits, the spinoff and fighting over bankruptcy.

This portfolio has enough healthcare exposure where I can look to add a new company in a different sector.

The current healthcare holdings besides JNJ are:

ABT .. AMGN .. ELV .. LLY .. TMO.

The JNJ position is in the taxable account and although it will trigger a taxable event, I'm going to lock those profits in. The position was up 106% but is now only up 70%. I'm not going to allow it to give back more than it already has.

I don't know if this move will be made in the other portfolios I manage, I will leave that decision to those folks. I am selling it in my personal portfolio as well as the YFP.
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