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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (490)	12/1/2021 11:00:04 AM
From: chowder	2 Recommendations Recommended By mancat Menominee Read Replies (1) of 21804

Re: Middle Age Portfolio ... Rebalance. Over the last couple of days I was looking at positions that were oversized and overvalued and looking to trim those positions and deploy the proceeds elsewhere. I was also trimming positions that have underperformed the market over the past 5 and 10 year time frames. The first to go was JNJ. It has underperformed the market for a decade now and since this portfolio needs a heavy increase in dividend cash flows in order to retire earlier than hoped for, I had to generate more income. In addition to selling out of JNJ, I also sold out of IRM. IRM has a short term play when I purchased them. It was my post Covid play and I've earned enough profits to say the trade was worth the effort. I also took 'some' profits from LOW, NEE and HD. These were all overweight positions with triple digit total returns. I decided to take 'some' of those profits and create more income. The buys were mostly Canadian banks. I added to RY, CM and TD. Then a Canadian telecommunication company TU. I also added to a few CEF's to help boost that income level. I added to AIO, PCI, BST and CSQ. BOTTOM LINE: Sold -- IRM - 243 shares LOW - 9 shares NEE - 23 shares JNJ - 48 shares HD - 5 shares Bought -- TU - 311 shares PCI - 97 shares BST - 38 shares RY - 20 shares TD - 27 shares CM - 15 shares AIO - 147 shares CSQ - 211 shares The positions I sold represented: Balance - $25,418 Annual Income - $904 Yield - 3.56% Dividend Growth - 5.60% (last 5 years) The positions bought represented: Balance - $24,935 Annual Income - $1,328% (a 47% increase) Yield - 5.33% Dividend Growth - 6.40% (last 5 years) The primary objective is income growth. Once the income objective has been achieved, then I can focus on capital growth, but the capital growth isn't helping much unless I realize some of those profits and create more income. ... Mission accomplished.

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