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Strategies & Market Trends : Young and Older Folk Portfolio

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red cardinal

Waitress

To: Secret Recipe who wrote (1527)	5/8/2023 3:58:21 PM
From: chowder	2 Recommendations Read Replies (1) of 22039

I sold JNJ because I was uncomfortable with their current litigation situation and their spin-off plans. Some of the cash from that sale have been put to work, in fact just today I added to: EVF ... 12.02% yield CHY ... 11.32% ACV ... 11.15% STK .... 7.04% BTI ... 7.91% O ..... 4.86% BX ... 4.28% JNJ has a yield of 2.93% so I was able to make a significant difference in income flows, and this portfolio is all about income growth. Since earnings season is almost over, the objective now is to focus on companies with a 4% yield or higher in order to insure they are the larger positions in the portfolio. If this were a growth oriented portfolio, different tactics would have been used, but it's income based and with the uncertainty surrounding JNJ, it made sense to me to stay focused on our primary objective.

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