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Strategies & Market Trends : Young and Older Folk Portfolio

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peterad

To: chowder who wrote (1042)	8/23/2022 5:12:53 PM
From: chowder	2 Recommendations Read Replies (2) of 21917

Re: Young Folk Portfolio ... Portfolio Management In the comment that this one is linked to (1042) I stated the following: >> I have decided that there are too many positions in this portfolio to be able to build up in size at a reasonable rate based on the amount of cash going into the portfolio each month, currently $600. If I can raise the dividend amount coming in every month, along with the monthly cash contribution, I should be able to build positions more quickly early in this person's investing time-frame so that compounding can have a more powerful affect years from now. << With this in mind, I'm trying to get the portfolio down to 50 positions so today I sold AMGN and SYK. I also have a few high yielding assets that when they become overweight, I will trim them back to a full position. In this portfolio, a full position is $4,000. With this in mind I trimmed ARDC and EXG back to a full position. This gave me the proceeds to add to quite a few assets and I added anywhere from 1-3 shares per company as I wish to slowly build each of the companies up to a full position. All of the following add on buys today brought every one of these companies just up over a 3/4 sized position. Today I added to: STE .. DHI .. PH .. SPGI .. TU .. CTAS .. HSY .. MKC .. TSCO .. AWK .. APD .. DPZ .. RYLD .. XYLD. I still have some cash to put to work and will probably do so tomorrow. I did not take the market or valuations into consideration. Since I am using a dollar cost average strategy I didn't want a 1 or 2 share purchase to be the biggest decision to be made. It was more important for me to just keep adding a few shares at a time.

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