Re: Older Folk Portfolio 2.0 ...
The original Older Folk Portfolio has been turned back over to its owner since the portfolio objective has been achieved. The goal was to build an income stream of $500,000 per year. That portfolio is now generating $502,178 in annual income.
Older Folk Portfolio 2.0 has different objectives. This portfolio is a little more difficult to manage because it wants to combine growth, income and capital preservation, especially capital preservation.
This portfolio is up +15.65% YTD. I don't know what benchmark I would be using because it certainly isn't something SPY would match up with regarding the portfolio objectives. Again, since capital preservation is a priority, I have a good deal of cash tied up in CD's and MM Mutual Funds.
After looking at the portfolio holdings, if anyone has an idea of what benchmark closely matches the above portfolio objectives, please share.
Portfolio Value: $2,060,302
Annual Income (not counting cash related assets): $89,477
Holdings: 73 (not counting CD's)
I will list the CD's first and they will not be included when I post the position sizes of the equities and funds.
Origin Bank, LA ................... $125,000 .. 5.00% yield
ConnectOne Bank, NJ ........ $100,00 .. 5.25% yield
Peoples Bank, MA .............. $40,000 .. 5.3% yield
Bank United, NA FL ............ $40,000 .. 5.15% yield
ESSA Bank & Trust, PA ...... $40,000 .. 5.10% yield
North American Savin, MO . $30,000 .. 4.95% yield
Beal Bank, TX .................... $5,000 ..... 5.25% yield
CrossFirst, KS .................... $1,000 ..... 5.15% yield
Goldman Sachs Bank, NY .. $1,000 .... 5.05% yield
Origin Bank, LA ................... $1,000 .... 5.00% yield
Ally Bank, UT ..................... $1,000 ..... 4.95% yield
First Citizens Commu, PA .. $1,000 ..... 4.95% yield
Cash .................................. $30,338
--------------------------------------------------------------------
............................... Total .. $415,338
========================================
Symbol ... % of portfolio
AAPL ..... 5.0%
MSFT .... 4.3%
SPY ...... 4.1%
SMH ..... 4.0%
LLY ....... 3.7%
XLK ........ 3.4%
NVDA ..... 3.3% (adding more tomorrow)
COST ..... 2.7%
SCHG .... 2.7%
ABBV ..... 2.5%
SPMO ..... 2.5%
CAT ......... 2.3%
ISRG ....... 2.1%
MA .......... 2.1%
OBDC ..... 2.0%
HD ............. 2.0%
SWVXX ..... 1.8% (MM Fund - adding more tomorrow)
ARCC ........ 1.8%
BRK.B ....... 1.8%
SO ............. 1.7%
AFL ........ 1.7%
AIO ........ 1.7%
GD ......... 1.7%
ET .......... 1.6%
DUK ....... 1.6%
MAIN ...... 1.5%
PGR ....... 1.5%
RTX ........ 1.4%
AMGN .... 1.4%
EPD ........ 1.3%
AFB ...... 1.3% (muni-bond CEF)
KO ........ 1.2%
EVN ...... 1.2% (muni-bond CEF)
BST ....... 1.2%
RSG ...... 1.2%
EIM ......... 1.2% (muni-bond CEF)
EFT ......... 1.1%
ETW ........ 1.0%
ARDC ...... 0.9%
ETY ......... 0.9%
EOS ........ 0.9%
AVK ......... 0.8%
THQ ........ 0.8%
JFR ......... 0.7%
QDPL ...... 0.7%
NBXG ... 0.7%
EOI ....... 0.7%
RA ........ 0.7%
CCD ..... 0.6%
WDI ...... 0.6%
HTGC .... 0.6%
RLTY ..... 0.6%
ASGI ..... 0.6%
WEC ..... 0.6% (adding more tomorrow)
CSWC .. 0.5%
JRI ....... 0.5%
OXLC ... 0.5%
OCCI .... 0.5%
DPG ..... 0.5%
PHD ..... 0.5%
BGB ..... 0.5%
BXSL ... 0.5%
ECC ..... 0.5%
BGX ..... 0.5%
BLW ..... 0.5%
FRA ..... 0.5%
PTY ..... 0.5%
XFLT ... 0.5%
BIT ...... 0.4%
NXG .... 0.3%
FTHY .. 0.1%
EXG .... 0.1%
CMG ... 0.1% (adding more tomorrow)
Note how most of the CEF's are the smallest holdings. I would prefer to own 2 to 3 times more CEF's at a small percentage than to own a few as a large sized position. I want to spread income risk since we know that most CEF's will cut their distribution.
Only 4 CEF's are in the red on price, but in the green if you add back the distributions.
EIM .. -2.4% (muni-bond CEF) .. 5.84% yield - Federal tax free
BST .. -1.5% ...... 8.51% yield
CCD .. -1.1% ..... 9.86% yield
OCCI .. -0.3% .... 19.01% yield
All other CEF's are in the green on price and solidly in the green when you add in the distributions. |
