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

To: circlingthedrain who wrote (1519)	5/6/2023 7:09:37 PM
From: chowder	5 Recommendations Recommended By Markbn red cardinal Richard_IFI Tam3262 Waitress Read Replies (1) \| Respond to of 21820

>> First, I'm wondering how best to move into the OFP over time. << To begin it would depend on how much time you have to move into an OFP type portfolio. >> To pick from your largest allocations would seem to invite pulling from overvalued positions. << Not necessarily. Companies that are in the sectors considered Defensive such as consumer staples, utilities and healthcare are larger in size because the portfolio was set up to have 40-50% of the portfolio value in the Defensive sectors. >> To pick from your smaller allocations would seem to invite pulling from positions with less confidence. << Again, not necessarily. As time moved on more and more companies were added and these positions were simply started with smaller amounts of cash and I'm in the process of building them up in size. Additionally, with regard to equities, I have some of the larger positions in the higher yielding assets as this portfolio is income based. >> Second, I noticed in the portfolio some ETF/CEF positions that are rated Unsafe at SimplySafe Dividends. Do you ignore SSD ratings in certain situations? << Yes, I pretty much ignore the safety ratings. I assume most CEF's at some time or another are going to cut their distribution and that's okay, a 10% yield might drop down to 8% or 6% and that's still acceptable. Other CEF's are increasing their distributions so it works out in the end.