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

To: chowder who wrote (769)	1/19/2022 3:48:39 PM
From: chowder	Read Replies (1) \| Respond to of 21802

Re: Young Folk Portfolio ... Adjustments In this portfolio I liquidated the position in IRM and replaced it with SJM. IRM was never a long term buy and hold position in this portfolio, it was a post Covid play that offered a decent yield to pay one to wait until it had time to create some capital gains. IRM did indeed produce those capital gains as it more than doubled the S&P 500 over the past year +55% to the market +23%. However, over the past month those capital gains were dissipating as IRM lost 14% of its value while the market is showing a slight gain in the same time frame, so since it wasn't a long term buy and hold where you buy more on the dip, I decided to lock in what profits remained and I went with SJM. With the economy in an inflationary environment, some consumer staples are expected to do well so I wanted more consumer staple exposure. In 2021 SJM saw negative earnings growth between 5-6% and in 2022 they are expected to show 5-6% positive earnings growth so I think this is a catalyst to push price higher In looking at the analysts predictions, here is what I see: Jefferson Research -- Buy Argus -- Hold The Street -- Buy Credit-Suisse -- Neutral The price chart is bullish and shows some buying pressure and it seems to be fairly valued. Conclusion: It's not a Strong Buy but it does warrant a starter position in my opinion. I decided to start it off at a 1/2 sized position and will monitor earnings as we go along before adding more. I still have cash left over from the IRM sale and I haven't decided where to invest it yet.