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

To: chowder who wrote (868)	3/16/2022 10:19:24 PM
From: chowder	3 Recommendations Recommended By INCOGNIT0$ Menominee red cardinal Respond to of 24980

Re: Old Folk Portfolio ... Strengths and Weaknesses Part of the trimming and buying process of late has to do with me trying to preserve capital while looking for strengths and weaknesses. So far the portfolio is down just 3.3% while the S&P 500 is down 8.28%. With this in mind, I'm continuing with the process of trimming weakness and hopefully buying strength. In looking at technology I sold all of the TXN shares and replaced them with MSFT. TXN is expected to show just 7% earnings growth this year and MSFT 22% earnings growth. As a result, TXN is picking up hold and sell calls as opposed to buy and MSFT has a ton of buy calls. Buy, Hold, Sell: TXN .. 33-144-10 MSFT .. 122-4-0 ------------------------------------- In this account WPC is too large a position for a company expected to show just 1% earnings growth and declining dividend growth. I trimmed $50K worth of WPC and bought $25K each of VICI and PH. VICI is vastly undervalued. When I do a DCF Flow analysis to determine the company's intrinsic value: Base Scenario - $50.90 Closing Price - $26.98 Analyst Ratings: 47-3-0 PH is an industrial expected to show 15% earnings growth. Intrinsic Value: Base Scenario - $348.83 Closing Price - $279.14 Analyst Ratings: 36-8-2 Then I added $5K to AEP. --------------------------------- I think I am improving the potential future results by trimming weakness and buying strength. We'll see.

To: chowder who wrote (868)	3/17/2022 8:15:26 PM
From: chowder	2 Recommendations Recommended By INCOGNIT0$ red cardinal Read Replies (2) \| Respond to of 24980

Re: Old Folk Portfolio ... Adjustments As interest rates rise and inflation is in play, earlier this year I was selling or trimming CEF's that carried a high amount of leverage. As we all should know, leverage works well to the upside but can be devastating to the downside. Today I continued de-leveraging the portfolio. I trimmed or completely sold out of the following positions: BHK .. BTO .. GRX .. HTD .. RNP .. PTY. The objective was to still continue to grow the monthly dividend/distribution cash flow rate and the positions sold generated a very nice yield. With this in mind, I added to some funds that don't use leverage and that included both CEF's and ETF's. Additionally, I added a couple of high yield equities that also provide some dividend growth. I added to the following positions: XYLD - 10.92% RYLD - 9.82% BMEZ - 9.29% EIC - 9.24% IDE - 8.31% BDJ - 7.08% MO - 7.02% (equity) RFI - 6.38% ENB - 6.12% (equity) CII - 5.95% *EIM - 4.77% EIM is a municipal bond fund and the distributions are tax free from Federal taxes. Given the persons effective Federal tax rate the yield actually works out to 6.12% instead 4.77%. The assets sold generated $12,137 in annual income and had a yield of 7.03%. The assets purchased will generate $13,651 in annual income (+12.5%) and have a yield of 7.89%.