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Strategies & Market Trends : Young and Older Folk Portfolio
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From: chowder5/22/2021 3:22:53 PM
2 Recommendations

Recommended By
Graustus
Menominee

   of 21838
 
A note on portfolio management.

Here is how I am using the dividend reinvestment feature in the Young Folk Portfolio.

The Roth account has already met its maximum contribution for 2021, and since no new funds can be added to that account, all dividend paying companies in the Roth are set up on dividend reinvestment.

The taxable account is where his monthly cash contributions are going at this time and in this account dividend reinvestment is being played differently. The only companies on dividend reinvestment in this account are the companies considered undervalued at this time. This account currently holds 30 companies and out of those, only two are considered undervalued ... GIS and LMT. So, I have these two set up for dividend reinvestment. The dividends I receive from the other 28 companies are being collected in cash and then invested selectively.

On another note, I have been wanting to add NVDA to this portfolio but it had been selling at $600 per share and I didn't want to buy at that price. NVDA has announced a 4 for 1 split and now I am willing to add it to this portfolio. I realize there is no added value with the split but in this portfolio I buy small when adding to positions. I may only add $200 - $300 at a time and this would have eliminated NVDA from participating in that strategy.

"Next man up" is NVDA and that purchase will occur about mid June when there are enough funds to buy at the $600 price mark.
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