Disculpad el tremendo tocho en inglés que va a continuación.
Le preguntan sobre su cartera y aquí la expone.
“My portfolio is not posted here I use TDA as a broker and SSD for a view of it and will gladly say what ones are bigger positions for me but won’t get into much more then that. In fact it was Miguel who had me think a bit more about what I post and stop some of what I used to do here and in other places some of us regulars have traveled through over the years on S.A.
I used to say I bought 25 or 50 of this or that and he correctly pointed out adding a number to the symbol meant nothing really, it was the symbol add alone and supporting reasons for doing so that mattered, he was right.
We have on occasion still to much of a childish “size” contest going on here if you know what I mean. Hard to stop things like that in an open forum but I don’t intend to fuel it either.
I’m some what from what I gather like Ron again in the sense that I have some oversized positions and others that are small and will more then likely stay that way. Back in 2013 I started out with well over 60 holdings and now have 37 I more or less consider holdings I want to grow along with a few that were bought simply to trade at some point or are what you might call ongoing experiments for me like PLOW for a future trade with nice cap gains in it and PTY which has been more like an experiment for me. And I might be heading maybenot’s way of even less as the next few years play out.
I’m a strong believer of letting my winners run and adding more to them when I can. Per SSD utilities are still a big sector for me followed by information technology, consumer staples, and healthcare. I hold no industrial sector positions in size anymore and the last two I did were CAT and GE. I do have a small position in DOW now and would like it to get bigger. My telecom sector consists of only two VZ and T both in size with T being the larger one but I may be bringing VZ up more soon. I like what they’re up to and think some of it is flying under the radar at the moment with short sighted vision.
SSD says my portfolio remains a well diversified one even absent a sector.
AS for positions of size in relation to my holdings I think I have made myself clear about a few things and one thing is I consider a few of my technology listed ones as industrial business sector holdings now days anyways like CSCO. It’s why I always ask what company around now doesn’t have some sort of dependence on technology to be in business ? none I know of. It’s not that I think this time it’s different at all, in fact just as before time and again what matters is what you hold in a sector not the sector itself.
Per SSD information technology is a big sector holding for me with AAPL BMI CSCO GLW PAYX QCOM all of which except AAPL are both very old holdings in comparison to some comments made here and larger too simply from time held and being conviction investments that I added to when I could while others ran away. It would no doubt be my biggest sector by far value wise and income producing if I had simply kept my MSFT position, that’s a mistake I won’t make twice.
As for utilities I hold in size AEP BEP D PEGI WEC WTR and some PPL still maybe a third in size of the others. And WTR is smaller also but I would like more of them. Left a very old NGG position and used it to grow those others including WTR. Now it seems PEGI will be taken away from me and while I’m not happy about that I intend to place the funds in BIPC when it arrives. I think Brookfield is great management is why, BEP showed me that. I have nice cap gains in them all including the newest one WTR which took off on me before I could make it bigger but have no intentions of doing anything but leaving them alone. I bought them to play a certain role in my dividend growth income investments and they are doing just that.
In consumer staples I own HRL KO MO PM and one that used to be there as a cigarette paper maker SWM but is considered a specialty materials supplier now. They have restructured a large part of their business and pushed hard into various other filtering products, many are water related ones a wise move on their part and so I still hold them in size.
In health care I have ABBV CAH SYK both CAH and SYK are older holdings. Mike N suggested I look at ABBV back in time and I liked what I saw. I have held some others along the way like BMY but that’s it for me now days.
In financials I have BNS ORI and ORI remains my oldest dividend paying holding and an oversized position for me and will be as long as I have any say in my portfolio. IZZ would more then likely call them a slug but it’s a huge dependable as heck slug for me so it stays oversized for me. The last two years in a row they have given me a special and special certainly was the right word to describe it
In consumer discretionary DNKN CBRL TJX and TJX is the larger position by far. They were one I jumped on hard right after the two for one split around one year ago and the herd was stampeding. No plans to add more choices to this sector and think it’s already bigger then it seems with some like AAPL and QCOM involved with consumer discretionary choices also in one way or another. Another good example, imho anyways of how trying to pigeonhole something into a technology sector holding alone is a mistake now days. Reminds me of the recent energy/utilty relationship thread and your actual energy exposure.
In energy I hold KMI MPC RDS.B XOM if I don’t like how MPC looks split up they will become more of the other three. It’s my view that big oil is here to stay longer then some think and remains nothing more then a cyclical commodity. I also happen to think it’s a sector that has way to much noise attached to it at times and so do my best to ignore it. I also remain convinced NG/LNG will play a role going forward the rest of my lifetime.
For real estate I own NNN O WPC all in size and IRM and I plan to give IRM time to grow their data center business. If my view on that changes I will have no problems at all of turning it immediately into more of those other three.
Most of this comment was done simply from memory and when you hold something for a long time that becomes easier to do and your knowledge of how the company works grows with time held also. I’m not judging how others manage their holdings just saying what I do. My personal goals have been made clear for a long time here now some of the older regulars know and it was to have our dividend growth investments act like a safety blanket to our other incomes. We have now easily surpassed the goals of doing that and I have chowder to thank for that along with many others here, to many to list.
We have five legs on our income stool now days and you can take two away and still sit on it comfortably. I hard a rough time of it in the Cater years and aftermath as a younger family man and staying well ahead of inflation was part of my goal. And now days three of those legs grow stronger still with COLAs and another our dividend growth investments have grown much faster then inflation since I retired also. My pension the smaller of our two ends when I do but if needed our dividend growth investments can more then replace that income and that growth continues YOY.
I also still own around a dozen or so investments in my taxable account where I still trade at times. For now I intend to use transfer in kinds to it as a way to deal with RMDs when they arrive.
I would add again that I’m in no way saying load up on technology stocks with some of my comments. I’m just trying to explain what I feel may be going on now days nothing more then that. And my investing goals are just that mine, something that gets forgotten here now and then. SQ just made a terrific comment about that very thing imho.
Vince”