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Strategies & Market Trends : Young and Older Folk Portfolio
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To: chowder who wrote (70)5/20/2021 5:23:53 PM
From: BasketballJ  Read Replies (2) of 21904
 
I'll be taking a similar approach although I'm curious if your thought process would change based on my circumstances:

Late 20's, Projected income for this year is already slightly ahead of where it needs to be and by end of year will likely be close to 10% higher than where it needs to be. Aiming to already be close to or at next years target by end of this year.

T is my highest income earner, but while a cut would put me below this years income (off top of my head it have me I think ~2-3% behind this year if no additional income was added through purchases or drips) the cut won't take place until sometime in 2022.

I'm thinking as of now keep the game plan will be the same as it was before I realized the cut would come. Add to the positions I had planned in place to get me closer to Year 2022 goal by end of 2021. If I get to that goal before end of 2021, really push to add shares in some "high yielders" in my portfolio already (AIO, MAIN, O, VZ) Hold, T, hold the new company (As of now I like what the TW/Discovery company would look like long term) and try and keep T on DRIP to help recuperate some of the "lost" income.

This doesn't put me behind, it just forces me to rebuild the margin of error I'd worked this past year to build. After the margin of error is back where I'd like it high growth will be back to the focus. A little bummed it's farther down the road than it was before having to calculate in this cut.
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