Young and Older Folk Portfolio Message Board

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Strategies & Market Trends : Young and Older Folk Portfolio

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The Beard

To: chowder who wrote (251)	8/4/2021 9:27:53 PM
From: chowder	2 Recommendations Read Replies (1) of 21773

Re: Older Folk Portfolio ... Today I added to CLX .. PAYX .. PRU. I wanted to add more consumer staples in advance of the next recession. I don't know when we will get one but I am fairly sure we will at some point. Consumer staple companies sell a product that people will use on a regular basis regardless of economic conditions thus this helps soften any revenue loss which in turn helps protect the dividend. Most consumer staple companies are selling at a premium to fair value so I decided I would wait for a 20% correction from a 52 week high and CLX has corrected a little more than 30%. The valuation still may not be where I'd like it, but a 30% correction for me is a good place to start building a position. I am also looking for dividend growth with today's purchases. I'm looking for companies where if you combine the yield with the 5 year dividend growth rate and come up with a number of 10 or higher, I'm, interested as I'm looking for dividend growth. CLX has a yield of 2.83% and a 5 year dividend growth rate of 7.62% coming up with a number of 10.45. With PAYX it's the industry I was looking for exposure to. PAYX is in the HR and payroll industry and focuses more on small businesses. Small business took a big hit over the past year due to the pandemic and now that small buisnesses are starting to open and hire, I think this would be a boost to PAYX. The yield is 2.30% and the 5 year dividend growth is 8.28% coming up with a number of 10.58. It too meets my dividend growth objective. I also added to PRU today and PRU is basically an undervalued income play for me. First of all it has a 4.5% yield which helps with immediate income and it has a 5 year dividend growth performance of 10.92% giving PRU a number of 15.42. ... Income now and income growth later. These are all small positions (fairly new) and need to be brought up in size. I brought CLX up tp $40,740 I brought PAYX up to $7,198 I brought PRU up to $7,892 A full sized equity position in this portfolio is $150,000 so I have a way to go in building these positions.

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