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Strategies & Market Trends : Young and Older Folk Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (284)

8/31/2021 12:59:06 PM

From: chowder

4 Recommendations

Recommended By
INCOGNIT0$
Menominee
peterad
red cardinal

Read Replies (1) | Respond to of 24255

Re: Middle Age Portfolio ... Add on Buy.

Today I was adding more ASG.

My objective is to create more income. As retirement comes closer and closer, I need to insure that the amount of income needed to retire is there when the time comes. Thus, I don't wish to chance focusing growth more than income in the event growth takes too long to develop. Therefore, I will control what I can control and that's building the income stream now. Growth can come later. One must set priorities and the priority here is income.

I started a new position in ASG last month in this portfolio. I started out with a $750 investment using some of the dividends tht hit the account and today I added another $800 to the position from dividends received the last week or two.

About the fund:

The Fund seeks long-term capital appreciation through investment primarily in a diversified portfolio of equity securities. Liberty All-Star Growth Fund, Inc. is a multi-managed fund focused on small, mid and large-capitalization growth stocks.

The key here is ... long-term capital appreciation ... as its primary objective.

If you look at their 5 and 10 year total returns, you'll see where they have outperformed the S&P 500.

It has a 7.76% yield, is selling at a discount of 2.12% to NAV where the fund has an average 5.90% premium to NAV over the last 52 weeks. The 52 week high was a premium of 15.19%, so it has a ways to go to hit another 52 week high.

The primary reason the price dropped, presenting an opportunity to buy at a discount, is because of a rights offering which has been finalized, so I would think ASG can get back to doing what it was doing to earn the premiums it once did.

This may not be suitable for everyone as the primary objective is not income, it is capital appreciation long-term and due to the fund investing in smaller cap companies, one must be patient for those capital gains to develop.

Top 25 Holdings:

Progyny Inc

Chegg Inc

Upstart Holdings Inc Ordinary Shares

Signature Bank

FirstService Corp

Natera Inc

Amazon.com Inc

UnitedHealth Group Inc

Paylocity Holding Corp

Microsoft Corp

Visa Inc Class A

Nevro Corp

Generac Holdings Inc

Ollie's Bargain Outlet Holdings Inc

Workday Inc Class A

Zebra Technologies Corp

Alphabet Inc Class C

Yum Brands Inc

Facebook Inc A

Salesforce.com Inc

Abbott Laboratories

Williams-Sonoma Inc

Fleetcor Technologies Inc

Union Pacific Corp

Autodesk Inc

To: chowder who wrote (284)	10/1/2021 8:16:29 PM
From: chowder	3 Recommendations Recommended By Graustus Menominee The Beard Read Replies (4) \| Respond to of 24255

Re: MIDDLE AGE PORTFOLIO ... PORTFOLIO UPDATED 10/1/21. My goal is to try to present a balance between high dividend cash flows, dividend growth, and capital gain potential, so there will be a mix of assets. Portfolio Balance: $511,410 Forward 12 months income: $21,068 Portfolio yield: 4.12% Dividend Growth 5 Years: 5.70% Chowder Number: 9.82 Holdings: 52 Beta: 0.69 Full Position: $20,000 Full CEF Position: $8,000 Symbol .... Market Value ... % of Account CONSUMER STAPLES: -- 18.4% of portfolio value. Coca-Cola - KO .................. $21,649 ... 4.2% Procter & Gamble - PG ...... $19,251 ... 3.8% Pepsi - PEP......................... $12,245 ... 2.4% Altria - MO .......................... $10,548 .. 2.1% McCormick & Co. - MKC .... $10,473 .. 2.0% Kimberly-Clark - KMB ......... $9,045 ... 1.8% Tyson Foods - TSN ............. $4,934 ... 1.0% Sysco - SYY ........................ $4,364 ... 0.9% Lancaster Colony - LANC ... $1,868 ... 0.4% UTILITIES: -- 15.9% of portfolio value. Duke Energy - DUK .................. $36,632 .. 8.6% NextEra Energy - NEE ............. $19,288 ... 4.5% Southern Company - SO .......... $18,351 .. 4.3% Brookfield Infrastructure - BIP .. $7,202 .... 1.7% REAL ESTATE: -- 11.2% of portfolio value. Realty Income - O ...... $37,406 ... 7.2% Iron Mountain - IRM ... $10,574 ... 2.1% Digital Realty - DLR ... $3,191 ..... 0.6% Crown Castle - CCI .... $3,114 ..... 0.6% W. P. Carey - WPC .... $2,904 ..... 0.6% HEALTHCARE: -- 10.5% of portfolio value. AbbVie - ABBV ..................... $26,639 ... 5.2% Johnson & Johnson - JNJ .... $17,256 ... 3.4% Abbott Laboratories - ABT .... $9,692 ..... 1.9% INFORMATION TECHNOLOGY: -- 8.8% of portfolio value. Automatic Data Processing - ADP .. $20,309 ... 4.0% Microsoft - MSFT ............................ $8,912 ..... 1.7% Apple - AAPL .................................. $8,056 ..... 1.6% Broadcom - AVGO ......................... $4,418 .......0.9% Texas Instruments - TXN ............... $3,507 ...... 0.7% FINANCIALS: -- 7.6% of portfolio value. Prudential Financial - PRU ....... $12,668 .. 2.5% Toronto-Dominion Bank - TD .... $8,112 .... 1.6% Canadian Imperial Bank - CM .. $7,758 .... 1.5% Royal Bank of Canada - RY ..... $5,790 .... 1.1% T. Rowe Price - TROW ............. $4,566 .... 0.9% CONSUMER DISCRETIONARY: -- 5.2% of portfolio value. Home Depot - HD ........ $9,344 .... 1.8% Lowe's - LOW .............. $8,706 .... 1.7% Starbucks - SBUX ....... $5,737 .... 1.1% Leggett & Platt - LEG .. $2,913 .... 0.6% ENERGY: -- 3.1% of portfolio value. Enbridge - ENB ...................... $6,323 ... 1.2% Magellan Midstream - MMP ... $4,985 ... 1.0% Enterprise Products - EPD .... $4,796 .... 0.9% MATERIALS: 1.7% of portfolio value. LyondellBasell - LYB ... $8,632 ... 1.7% INDUSTRIALS: 1.0% of portfolio value. Lockheed Martin - LMT ... $5,217 ... 1.0% COMMUNICATIONS: -- Zero exposure. ============= Closed End Funds (CEF's): -- 16.4% of portfolio value. DNP Select Income - DNP ................................... $15,121 .. 3.0% Reaves Utility Income - UTG ............................... $13,962 .. 2.7% Eaton Vance Tax-Managed - ETV ........................ $11,463 .. 2.2% Cohen & Steers REIT & Preferred - RNP ............. $8,689 ... 1.7% Eaton Vance Enhanced Equity Income II - EOS .. $5,908 ... 1.2% John Hancock Financial - BTO ............................. $5,369 ... 1.0% Liberty All-Star Growth - ASG ............................... $4,962 ... 1.0% Nuveen Nasdaq 100 Dynamic - QQQX ................ $4,879 ... 1.0% PIMCO Dynamic Credit - PCI ............................... $4,031 ... 0.8% BlackRock Science & Technology - BST .............. $3,691 ... 0.7% Eaton Vance Short Duration Income - EVG ......... $3,039 ... 0.6% Guggenheim Strategic Opportunities - GOF ........ $2,653 ... 0.5% ====================== TOP 10 INCOME SOURCES: O ......... 7.6% DUK .... 7.0% ABBV .. 6.0% DNP .... 5.2% UTG .... 4.6% ETV .... 4.5% MO ..... 3.9% SO ...... 3.7% KO ...... 3.3% IRM ..... 2.8% ==================== SEPTEMBER HIGHLIGHTS: TXN -- raised the dividend by 13% MSFT -- raised the dividend by 11% SBUX -- raised dividend by 8.9% LMT -- raised dividend by 7.7% EVG -- raised the distribution by 0.27% WPC -- raised dividend by 0.2% (multiple raises) O -- raised the dividend by 0.2% (multiple raises)