I have been doing the same as you here:
EKS:
"Grudgingly, I have been peeling off shares from some of my good dividend payers to buy some of the truly beaten down value plays. I have parked a chunk of money in some preferred shares that pay a nice dividend AND offer some "potential" capital appreciation. The group I am peeling shares from are those utilities making new highs and some KMB also near all time highs."
me:
I sold all of my NI, and most ATO recently. AGL will be next -- a little at at time. In the last crash, utilities also were nailed, so we are fortunate that they have held up this time. I was holding them this time as a cash substitute, and it worked. KMB: I sold a small amount, and will consider more. Which pref shares do you consider to have cap appreciation potential? Prob the energy pref shares, I guess. My exposure is very limited there, whew.
MPW?, you ask. I own a small amount. I see better potential in AHT, LXP, DRE, BDN, OFC, GOV, because I do not accept the future earning projections of MPW. I got out of medicaid dependent OHI, LTC.
Just sold all KWR for a tax toss, and bought GLW as a substitute. Not related businesses, but maybe I will swap back in 30+ days. I am attracted to trains, and will prob buy some UNP with utility funds.
I am still even YTD (well, really -0.9%), counting dividends received, with a portfolio div yield at 6.9%. :o)
Utilities at 8% of portfolio, vs 16% on Jan 1.
cash 1%
pref stocks 47%
utilities 8%
reits 36%
other stocks 8%
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