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

To: chowder who wrote (510)	12/2/2021 5:19:32 AM
From: garygr	Read Replies (2) \| Respond to of 21766

Just testing my post here This blog is titled Young and Old Folks Portfolio. Middle Age should probably be added to the title. It would be helpful to always add RE: to public replies in order to just read those replies that apply to your situation. I did not add RE: to this post just to see how it shows up

To: chowder who wrote (510)	12/5/2021 1:06:19 PM
From: Top Of The World Ma	Read Replies (1) \| Respond to of 21766

Re: Middle Age Portfolio Would you mind sharing the age of the individual for this portfolio? I'm intrigued as the targets and capital used to achieve them are similar to my own however I've been very defensive with my allocations for fear of loosing capital. I see CEF exposure is over 20% of portfolio with yearly dividends from those CEF's almost 40% of total dividends received. I'm assuming the CEF exposure is needed to meet objectives? How are the dividends being utilized in this portfolio?

To: chowder who wrote (510)	12/9/2021 3:33:07 PM
From: Top Of The World Ma	1 Recommendation Recommended By BasketballJ Read Replies (1) \| Respond to of 21766

Chowder I'm really going to try and follow this MAP and try and understand how you "manage" this portfolio as it resembles what I'm trying to achieve both in time and value. At first I was just going to mirror it but then upon further reflection I've decided I can keep most of my positions (trimming here and adding there) while replacing those where it would make sense to do so. I've already decided to replace my PM position with MO, just makes sense, more income. I've also decided to replace my GIS position with TSN. If the DGR continues it should surpass the GIS income in a short amount of time. A little overvalued here but not bad. I plan on making these moves the first of the new year. I'm not done reviewing my portfolio yet and comparing what I own to the positions in the MAP so I'm sure there are other moves that need to be made that would be to my benefit. I understand the CEF's provide a large amount of the income needed to reach the goal. Currently do not own any but understand them to a "small degree", still studying them. Will probably add most the MAP holds with the exception of a few. So I guess my one question for today is why you elected to sell PG from the MAP and elected to hold KMB. I'm guessing perhaps valuation & yield had something to do with it. Also, as an FYI...I kinda like it over here. Not as much noise. Makes it easier to focus and really learn something.

To: chowder who wrote (510)	12/10/2021 10:59:59 AM
From: chowder	2 Recommendations Recommended By Markbn stardusting Read Replies (2) \| Respond to of 21766

Re: Middle Age Portfolio ... Add On Buy. Today I added to LLY. LLY was actually the smallest position in the portfolio having been a recent purchase. I chose to add on at this time due to the outlook from many analysts. Jefferson Research gives a STRONG rating for Earnings Quality, Cash Flow Quality, Balance Sheet and Operating Efficiency. It also gives them a Low Risk rating on Valuation. Argus Research, The Street and CFRA all give them a BUY rating and Reuters gives them an OUTPERFORM rating. Although earnings and revenue expectations were missed last quarter, 8 revisions have been given to the upside and only 1 to the downside so I'm expecting LLY earnings to head higher. LLY has a 1.40% yield and a 5 year dividend growth rate of 8%. The latest increase was 15%. The dividend carries a 96 Very Safe rating. For those of you concerned about capital appreciation LLY has consistently outperformed the market. 1 Year - LLY - +56.06% SPY - +28.92% 3 Year - LLY - +126.50% SPY - +86.89% 5 Year - LLY - +298.8% SPY - +126.6% 10 Year - LLY - +714.8% SPY - +354.1%

To: chowder who wrote (510)	12/15/2021 4:11:33 PM
From: Top Of The World Ma	Read Replies (1) \| Respond to of 21766

RE: MAP Management Chowder How are you managing the individual positions in this portfolio (excluding CEFs)? Are you planning to bring them all to equal weight? How are you determining who the next man up is? If the priority of the portfolio is income will you be adding to the companies with the highest yield or the companies with the highest dividend growth or is it a valuation thing. You explained your recent add to LLY and I'm trying to understand how that fit in with the primary objective of securing the income target.

To: chowder who wrote (510)	12/30/2021 12:55:40 PM
From: Top Of The World Ma	Read Replies (1) \| Respond to of 21766

RE: Companies in the MAP Just curious, regarding the MAP...Did you select the individual positions (excluding CEF's) in the portfolio or did you inherit them when you agreed to manage the portfolio?

To: chowder who wrote (510)	1/2/2022 6:26:25 AM
From: chowder	4 Recommendations Recommended By Lpualum red cardinal Richard_IFI The Beard Read Replies (1) \| Respond to of 21766

Re: MIDDLE AGE PORTFOLIO ... PORTFOLIO UPDATED 12/31/21. 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. The income objective is $36K in annual dividends and the time frame is end of 2023. That's an increase of 20% per year. Portfolio Balance: $582,481 Forward 12 months income: $25,100 Portfolio yield: 4.31% Dividend Growth 5 Years: 6.7% Chowder Number: 11.01 Holdings: 56 Beta: 0.71 A full position in this portfolio represents a position size 1.8% of portfolio value. Company --- Value --- % of Portfolio AbbVie (ABBV) ......................... 5.8% Broadcom (AVGO) ................... 4.4% Realty Income (O) .................... 4.2% Telus (TU) ..................................3.2% DNP Select Income (DNP) ....... 2.7% Reaves Utility (UTG) ................ 2.6% Altria (MO) ................................ 2.4% Southern Company (SO) .......... 2.4% Duke Energy (DUK) .................. 2.3% Prudential (PRU) ...................... 2.2% Liberty All-Star (ASG) ............... 2.2% W.P. Carey (WPC) .................... 2.2% Lockheed Martin (LMT) ............ 2.2% Eaton Vance Tax- Man. (ETV) .. 2.1% Canadian Imperial (CM) ........... 2.1% Crown Castle (CCI) .................. 2.0% Abbott Laboratories (ABT) ....... 2.0% Toronto-Dominion Bank (TD) ... 1.9% WEC Energy (WEC) ................ 1.9% Amgen (AMGN) ....................... 1.9% PepsiCo (PEP) ........................ 1.9% LyondellBasell (LYB) ............... 1.8% Texas Instruments (TXN) ........ 1.8% Eaton Vance Short Dur. (EVG) 1.8% Microsoft (MSFT) ................... 1.8% Automatic Data Process. (ADP) .. 1.7% Enbridge (ENB) ........................... 1.7% Apple (AAPL) .............................. 1.7% NextEra Energy (NEE) ................ 1.7% Kimberly-Clark (KMB) ................. 1.7% Cohen & Steers REIT (RNP) ...... 1.7% Home Depot (HD) ....................... 1.7% Nuveen Nasdaq 100 (QQQX) ..... 1.7% T. Rowe Price (TROW) ............... 1.6% Brookfield Infrastructure (BIP) .... 1.5% Lowe's (LOW) ............................. 1.5% BlackRock Science (BST) .......... 1.5% Royal Bank of Canada (RY) ....... 1.4% Starbucks (SBUX) ...................... 1.4% TC Energy (TRP) ....................... 1.4% Tyson Foods (TSN) .................... 1.3% Eaton Vance Enhanced .. (EOS) 1.3% Digital Realty Trust (DLR) .......... 1.2% John Hancock Financial (BTO) .. 1.2% PIMCO Dynamic Income (PDI) .. 1.0% Leggett & Platt (LEG) ................ 0.9% Sysco (SYY) .............................. 0.9% Magellan Midstream (MMP) ...... 0.9% Enterprise Products (EPD) ........ 0.8% Life Storage (LSI) ...................... 0.8% Guggenheim Strategic (GOF) ... 0.8% Air Products (APD) ................... 0.7% Calamos Strategic (CSQ) ......... 0.7% Morgan Stanley (MS) ............... 0.7% Virtus Allianz AI (AIO) ............... 0.6% Eli Lilly (LLY) ............................ 0.5% ---------------- TOP 10 INCOME PRODUCERS: (% of income) ABBV - 5.6% DNP - 4.5% MO - 4.3% ASG - 4.1% EVG - 4.1% O - 4.0% UTG - 3.9% ETV - 3.9% TU - 3.3% ENB - 2.8% ------------------- SECTOR DIVERSIFICTION: (not counting CEF's) Information Technology - 15% Real Estate - 13% Healthcare - 13% Financials - 13% Utilities - 13% Consumer Staples - 10% Consumer Discretionary - 7% Energy - 6% Communications - 4% Materials - 3% Industrials - 3% ------------------------- DECEMBER HIGHLIGHTS: AIO raises distribution 20% LLY raises dividend 15% AVGO raises dividend 14% TD raises dividend 13% AMGN raises dividend 10% ABT raises dividend 4.4% RNP raises distribution 9.7% WEC raises dividend 7.4% WPC raises dividend 3% ENB raises dividend 3% O raises dividend 0.2% (4th time this year)