| | | After making almost no moves in the second half of last year, I've added to MSFT, DIS, and now WSM. The last is new to my portfolio, but I have a very high confidence in the first two despite the stretched valuations.
The weighted average of the portfolio trades at 20.7x estimated 2022 earnings with a 1.9% yield and 8.4% earnings growth. I'm hoping for 5%-8% annualized returns over the next five years, which would be outstanding if it comes through as the overall market will be lucky to track inflation.
My top 12 positions, all of which I would recommend for the right portfolio if starting from scratch: JNJ, AAPL, MSFT, GOOG, LOW, CSCO, RTX, FB, CVS, UNP, UNH, MMM |
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