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

To: chowder who wrote (862)	3/14/2022 11:07:03 PM
From: Rarebird	Read Replies (1) \| Respond to of 21813

And what if the market is in extended, multi-decade, secular Bear market mode with lower highs and lower lows rather than a brief, 3-6 month, corrective retrace with new highs forthcoming shortly thereafter? Your approach is correct if the latter, but devastatingly wrong if the former, given this is an old folk portfolio. Buying the dip has been so right for so long that it is bound to be the very wrong way to go at some point moving forward. Mind you, I am NOT saying we are at that point here, just saying that at some point over the next year or two, the decline will be slow and relentless, where it will make no sense to buy the dip for 10-15 years, in 85% of stocks. Sure, the stock market will eventually hit new all time highs, the only problem is that the "old folks" may die first before it does.

To: chowder who wrote (862)	3/15/2022 6:45:42 AM
From: 5-88	Read Replies (1) \| Respond to of 21813

Re: Old Folk Portfolio ... Add On Buys Chowder, I currently do not own AQN. It that time of the month again to add $2K just like clockwork. If I bought AQN it would have to be in my taxable account. I've heard people say that one should purchase AQN in an IRA. Thoughts, on purchasing AQN in a taxable rather than a IRA? Thanks, 5-88

To: chowder who wrote (862)	3/15/2022 8:23:21 PM
From: chowder	Read Replies (2) \| Respond to of 21813

Re: Old Folk Portfolio ... Portfolio Adjustments The utility sector is the second best performing sector year to date so I wish to take advantage of that. SO and SRE are larger positions in this portfolio and each is facing different situations which causes me to think I needed to trim each of them by $25K each. In the case of SO, analysts are growing more bearish and bearish in a sector that is one of the best performing year to date, thus it requires different tactics. The Buy, Hold and Sell ratings for SO: 15 - 19 - 10 Although there are still more Buy calls than Hold calls with SRE, the number of Buy calls have been lowered. 28 - 21 - 1 Earnings growth for this year is expected to be barely positive. I started a new position in D and CNP at $25K each, the proceeds from the sales above. D is expected to show 7% earnings growth and a 6% dividend increase which is excellent for a utility. D is also undervalued at this point. The intrinsic value is $117.11 and D closed at $81.32. Analyst ratings: 28 - 16 - 3 CNP looks looks strong. Analyst ratings: (the best of every utility I looked at except for AEP) 38 - 10 - 0 Intrinsic value - $33.81 Price as of today - $28.41 Speaking of AEP; Analyst ratings - 33 - 7 - 3 Intrinsic value - $60.84 Closing price - $94.74 I will add to AEP tomorrow. ----------------- I decided to trim AMGN by $20K. AMGN has been looking weak enough to use some of the proceeds into something showing more strength under the current condition of the market. Analyst ratings - 25 - 46 - 5 CVS has been improving their company fundamentals as they have gotten their debt under control and analysts are warming up to this company. Analyst ratings: 57 - 17 - 0 (more than a 3-1 ratio from Buy to Hold) Intrinsic value - $158.75 Closing price - $104.49 Conclusion: Sold $25K each in SO and SRE. Sold $20K in AMGN Bought $25K in D and CNP. Bought $20K in CVS.