To: chowder who wrote (882 ) 3/28/2022 11:05:21 AM From: chowder 4 RecommendationsRecommended By
Read Replies (1) | Respond to Re: Old Folk Portfolio ... Trims and Buys I'm trying to manage risk via position sizing, dividend growth and sector diversity. The average size position in this portfolio is $60K and it has a couple of companies well beyond that even though they are good companies. However, I'm trying to equalize the amount of income exposure among the holdings in order to balance against income loss. With this in mind, ABBV is a $272K sized position and I think it prudent to trim $100K taking it down to $172K, still a good sized position. In looking at O, it is at $193K and I'd like to trim it back to around $150K, still a good sized position. I'm looking at two REIT's to add in order to provide some better real estate diversity. Those two are ADC and NTST. Analysts seem to like them as they provide the following ratings: ADC .. 29 - 10 - 0 NTST .. 23 - 2 - 0 O .. 31 - 19 - 0 It appears they are an upgrade to O as far as ratings go. Their real estate portfolio carries more higher grade properties as well. ADC is undervalued by 16% and NTST is undervalued by 10% so they are good value plays at this time. ADC - Top Tenants Walmart Tractor Supply Dollar General Best Buy TJ Maxx O'Reilly Kroger Hobby Lobby Lowe's Sherwin-WiIliams No restaurants or fast food in their top 10 sectors. filecache.investorroom.com/mr5ir_agreere... NTST - Top Tenants Walgreens 7-11 Hobby Lobby Advance Auto Parts Dollar General CVS Pharmacy Lowe's Walmart Best Buy Floor Decor Again, no restaurants or other Covid affected businesses in their top holdings. s25.q4cdn.com/203947567/files/doc_financ... I'm also going to increase the Federal tax free income by adding more to the muni bond funds. Then it's a matter of building out some of the positions and add a little defense. CONCLUSIONS: SOLD .. ABBV - 620 shares O - 590 shares BOUGHT .. ADC - 611 shares AFB - 390 ENB - 151 EVN - 422 HTGC - 275 JRO - 513 KTF - 493 MDLZ - 114 (new defensive position) NTST - 1790 TU - 310 VICI - 500 ----------------------- The sales represented: Balance .. $140,115 Income .. $5,245 Yield .. 3.74% The buys represented: Balance .. $140,638 Income .. $6,133 .. up 16.9% Yield .. 4.36%
