Re: Retirement Portfolio ...
I did some trimming today and not only added to current holdings, I opened a new holding.
In real estate, I sold ESS. I had a small profit, up +14.1% plus dividends collected. ESS has a 3.93% yield. .. I took the proceeds from that sale and put all of it into IYRI, a real estate ETF that yields 11.73%.
The only REIT now in any of the portfolios I manage is O, and then I have a REIT ETF in IYRI. I'm keeping O, in fact I added to it today. I do have real estate coverage via CEF's but there's nothing I can do there.
DUK had grown to be one of the largest holdings in this portfolio and I trimmed some of that.
I sold FRA, a floating rate CEF yielding 12.69%. I wasn't going to be able to replace that income without taking on higher risks, and I didn't want to do that. I ended up with a 1.8% gain on price alone. If I counted the distributions I collected from them it's a double digit gain easily.
This was the last Floating Rate fund that I had in this portfolio. Interest rates are coming down and I expect the price to follow, as it has already. Floating Rate funds do well in a rising interest rate environment, so when that happens, I'll get back into them.
The proceeds from the DUK trim went into opening a new holding in OKE.
So far I've mentioned .. selling ESS and FRA, along with a trim of DUK.
I purchased, or added to, OKE .. MO .. O .. VZ .. GEV .. XLK .. BKH .. XEL .. GLW.
When all was said and done, I took an income/cash flow loss of $34 in annual income, basically flat while increasing the quality of the portfolio and getting a little more growth in GEV, GLW and XLK.
This portfolio now has a 5.38% yield and a 5.0% dividend growth rate according to SSD. |
