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Post by kathiel on Jan 3, 2022 0:16:30 GMT
I've been looking at my portfolio and it's time to make some sales. As some of you know, I have a "rule" of no more than 5% of m portfolio in any one stock. So many of my stocks have appreciated significantly that I have a number of them bumping up against that limit. I sell of little slices of my Apple stock periodically to try to keep it under 5%. In addition, I have a number of stocks that have appreciated so much that their yield is now quite low. So I have a list of stocks I'm considering selling and replacing with stocks that offer a better yield.
So what is on my list of possible sells?
AZN (my cost basis is under $25) I expect I'll sell all I have left as it yields so little
IRM (cost basis is under $30) I plan to just sell 100 shares as the yield is ok.
PFE (cost basis is $31) I'll sell a slice, as I think it has room to run.
STX - (cost basis is $34). I may sell all I have left.
I'll post when I've sold some and will post what I buy,
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Post by oldskeet on Jan 3, 2022 12:32:11 GMT
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Post by kathiel on Jan 3, 2022 18:31:58 GMT
Thanks for posting that list. However, there isn't anything on it to interest an income investor, as most had yields below 1 or 2 per cent.
Do you or anyone else have suggestions of stocks paying at least 3%?
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Deleted
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Post by Deleted on Jan 3, 2022 19:36:53 GMT
Hi Kathie - great to see this type of post. i recently did tax harvest sale of LEG and replaced with MRK and MMM. Lost a bit of yield. I'm holding my AAPL even though it's 11% of my portfolio. Might sell some this year though. Keeping my PFE. It is hard to find quality yielders.
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Post by kathiel on Jan 3, 2022 20:54:54 GMT
Hi Steelpony, good to see you here. Yes, I can filter on finviz or on my etrade account.
I'm thinking about picking up some MMM, especially if the price declines a bit.
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Post by chang on Jan 3, 2022 21:52:36 GMT
Do you or anyone else have suggestions of stocks paying at least 3%? I have four stocks (HD, PFE, CSCO, JPM) but a check of Yahoo Finance shows that all of them are yielding < 3%. If I wanted a list of quality yielders I would probably look at SCHD’s holdings as a starting point.
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Post by kathiel on Jan 3, 2022 22:04:30 GMT
Thanks, Chang. I recently sold my CSCO, am still holding PFE.,
I like pharmas as you may remember, and ABBV is a fave. I'll look again at SCHD and see if they have anything of interest to me.
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mrc
Lieutenant
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Post by mrc on Jan 3, 2022 23:53:58 GMT
Dogs of the DOW 2022
IBM, Verizon and Dow (DOW), 4.9%; Chevron (CVX), 4.6%; Walgreens Boots Alliance (WBA), 3.7%; Merck, 3.6%; Amgen, 3.5%, 3M (MMM), 3.3%; Coca-Cola (KO) 2.8%, and Intel, 2.7%.
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Post by kathiel on Jan 4, 2022 0:44:12 GMT
Thanks, mrc, I own a number of those: IBM, VZ, MRK. I'm going to research others. I've sold maybe half of the stocks I plan to, so I've got some cash.
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Post by kathiel on Jan 5, 2022 0:21:59 GMT
I did a bit of looking at stock recommendations yesterday. Here are stocks recommended by reliable sources that also pay at least 3% in dividends:
AMGN; 3.45% MMM: 3.33% ED: 3.6% WPC: 5.19%
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Post by kathiel on Jan 5, 2022 3:18:10 GMT
I just placed an order for 300 shares of AY, Atlantic Sustainable Infrastructure. It yields about 4.8%
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Post by alvinthechipmunk on Jan 5, 2022 19:31:26 GMT
Hello, kathiel. You are interested in stocks offering at least a 3% yield. I found the Glencore ADR. 3.06% yield right at the moment. www.morningstar.com/stocks/pinx/glncy/quoteAlso, Enbridge (ENB). Yield: 6.92% www.morningstar.com/stocks/xnys/enb/quoteSL Green Realty at 4.78% www.morningstar.com/stocks/xnys/slg/quoteCanadian banks are a solid bet. Of course, you can buy them on NYSE, you don't have to use the Toronto Exchange. (CM.) Canadian Imperial Bank of Commerce: yield at 4.28% Royal Bank of Canada: 3.49% (RY) (BNS.) Bank of Nova Scotia, or "Scotiabank." 4.42% (BMO) Bank of Montreal: 3.74% (TD). Toronto Dominion Bank: 3.55% kathiel , Hawaiian Electric: 3.24%. (HE) Bank of Hawaii: 3.23%. (BOH) At the TSE: Boston Pizza. (Pretty damn good pizza.) Ticker: BPF.UN. (yield: 6.73%) www.morningstar.com/stocks/xtse/bpf.un/quoteI wanted to buy at least one of those Canadian banks long before the price ran up, but I didn't have the money. (sigh.) Still, they are solid dividend plays, and among themselves, they pretty much operate as a monopoly. They are also highly regulated, so those companies, I'd say, are among the LEAST risky investments you can make. The 6 biggest Canadian banks (including National Bank of Canada, which I did not list, above) hold 90% of money on deposit in that country. That's not a typo.
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Post by kathiel on Jan 5, 2022 23:22:15 GMT
Thanks, Alvin. I've owned Enbridge in the past and I've owned Bank of Montreal. I own a number of Canadian stocks, including BCE which pays over 5%.
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Post by kathiel on Jan 7, 2022 2:01:27 GMT
I have another $25K to deploy in my rollover IRA. I haven't decided yet what to buy.
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Post by chang on Jan 7, 2022 2:08:15 GMT
Hello, kathiel. You are interested in stocks offering at least a 3% yield. I found the Glencore ADR. 3.06% yield right at the moment. www.morningstar.com/stocks/pinx/glncy/quoteAlso, Enbridge (ENB). Yield: 6.92% www.morningstar.com/stocks/xnys/enb/quoteSL Green Realty at 4.78% www.morningstar.com/stocks/xnys/slg/quoteCanadian banks are a solid bet. Of course, you can buy them on NYSE, you don't have to use the Toronto Exchange. (CM.) Canadian Imperial Bank of Commerce: yield at 4.28% Royal Bank of Canada: 3.49% (RY) (BNS.) Bank of Nova Scotia, or "Scotiabank." 4.42% (BMO) Bank of Montreal: 3.74% (TD). Toronto Dominion Bank: 3.55% kathiel , Hawaiian Electric: 3.24%. (HE) Bank of Hawaii: 3.23%. (BOH) At the TSE: Boston Pizza. (Pretty damn good pizza.) Ticker: BPF.UN. (yield: 6.73%) www.morningstar.com/stocks/xtse/bpf.un/quoteI wanted to buy at least one of those Canadian banks long before the price ran up, but I didn't have the money. (sigh.) Still, they are solid dividend plays, and among themselves, they pretty much operate as a monopoly. They are also highly regulated, so those companies, I'd say, are among the LEAST risky investments you can make. The 6 biggest Canadian banks (including National Bank of Canada, which I did not list, above) hold 90% of money on deposit in that country. That's not a typo. Banks are one of the things that drew me to FICDX (top 2 holdings at ~10% each). The fund used to be heavier in banks than it is now, and the fund’s yield is now below 3% (it used to be over). I will have to give this fund a more careful look this weekend. It sits in an IRA.
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Post by kathiel on Jan 7, 2022 2:34:04 GMT
chang, so you like banks... in general, or do they look good to you because of the rising interest rates?
I have to admit that I tend to avoid most banks, maybe because I bought a few banks just before the financial meltdown. Terrible timing!
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Post by kathiel on Jan 7, 2022 2:49:43 GMT
@slooow, Do you have any favorite dividend payers you'd recommend? I'm trying to cast a wide net!
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Post by richardsok on Jan 7, 2022 3:05:55 GMT
My biggest changes were to move heavily into PDI, PDO and PTY during the December slump before and just after the merger. Second biggest change was large buys in RIO, EPD and NRGX, looking to enhance monthly income from good real assets that have slumped in price.
Am interested in covered call ETFs like QYLD and RYLD.
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Post by anitya on Jan 7, 2022 4:14:00 GMT
I am not making any changes specific for a new year.
However, I reviewed how some fund classes have done YTD and noted interesting outcomes. Some allocation funds did not do well: PRWCX down 1.85%; FBAKX and VWELX down 1.50, and VLAIX down 3.59% while SPY down only 1.45%. Grandeur Peak International and US stalwart funds lost 6.5%; MSEGX lost 11.5% and PRGTX lost 9.75% while ARKK lost 9.5%; QQQ lost 3.5%. Health care sector funds lost 7-8% while ARKG lost only 10%; XLV down 4%. Overall, index funds did much better than many active funds. So, many active funds did not keep up with index funds last year on the way up or this year on the way down. What a waste of all that ER we are paying!
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Post by chang on Jan 7, 2022 5:49:32 GMT
chang, so you like banks... in general, or do they look good to you because of the rising interest rates? I have to admit that I tend to avoid most banks, maybe because I bought a few banks just before the financial meltdown. Terrible timing! Not really banks as such. I chose to invest a chunk of my IRA in Canada for a variety of reasons/assumptions, most of which turned out to be wrong -- rotation to value, rise in gold and silver prices, weakening US dollar, etc. But Canada does have low debt, lower inflation, and strong banks. EWC has 4 or 5 banks among the top 10-20 holdings. Last year the S&P500 returned 28.7% and the TSX returned 22% (FICDX 26.91%), so my FICDX was of zero value (slightly negative value) relative to FXAIX which I also own in the IRA. I will hold it through 2022 and re-assess next year. Hopefully there will be a more interesting divergence between the two indices. Back to banks ... yes, I guess potential interest rates make these interesting. Sub-20 P/Es might also be attractive to those who are nervous about the nosebleed levels of many growth stocks. I don't have any dedicated financial exposure other than a small holding of JPM (which doesn't deliver your yield requirement), but some of the Canadian banks are yielding > 3% and are probably among the healthiest in the world.
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Post by kathiel on Jan 7, 2022 19:39:46 GMT
anitya, I don't buy funds any more - actually, not for many years. I'd rather choose the companies myself. I like pharmas, and have done very well with a number of them, so despite the health care funds being down, my pharmas are up - and they pay good dividends. Chang, I will look at the Canadian banks.
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Post by anitya on Jan 7, 2022 21:19:40 GMT
anitya , I don't buy funds any more - actually, not for many years. I'd rather choose the companies myself. I like pharmas, and have done very well with a number of them, so despite the health care funds being down, my pharmas are up - and they pay good dividends. Chang, I will look at the Canadian banks. The active funds' performance should accelerate flows from active funds to passive funds and ETFs. Of course, there will always be intermediaries putting their clients into load funds. We can never expect any system to become pristine but can hope it improves with acceleration. BRK.B and other individual names are keeping my portfolio hide the 8% losses from the likes of FSPHX. As an aside, not sure you noticed but Daily Journal's investment portfolio at the end of Q4 was composed of roughly 40% in BAC, 30% in WFC, and 30% in BABA. I took inspiration from their Q3 2021 filing and re-entered BABA in December when it did not breach the previous low - I figured I will not get any better signal to buy BABA than the Journal's conviction and it turned out they doubled down their own bet of BABA in Q4. I do not know of any portfolio that is more concentrated than Daily Journal's. 13f.info/13f/000143774922000255-daily-journal-corp-q4-2021
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Post by kathiel on Jan 7, 2022 23:10:09 GMT
anitya, Wow - that is a concentrated portfolio! Not for me!
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Post by kathiel on Jan 12, 2022 3:22:31 GMT
I haven't yet made the buy. I looked at the Canadian banks, the prices have gone up a bit, so the yield is a bit lower. I'm waiting and watching a number of stocks and will post when I do make a buy.
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Deleted
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Post by Deleted on Jan 14, 2022 11:19:52 GMT
Hi Kathy, I recently bought 2 3% yielders - LMT and CVX. The Canadian banks look high, but if they tumble I might add. USB is one I like in the US, but shy of 3% now. It's hard to look at oil & gas and financials given the history, but I have.
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Post by xray on Jan 14, 2022 20:52:29 GMT
steelpony10, Your: I’m cashing in our last single growth stocks in the spring and investing the proceeds into 8-9% CEF’s whose values only matter to heirs or a LTC facility. The bird in hand investing method. --------- Not necessarily IMHO. I currently have 50% of my portfolio in CEF's and looking for some CapGain along with the current 10.63% (% div cost to yield MktBuyPrc's). CEF's can be profitable if a buy/hold (patient) type investor and investing in the undervalued CEF's.... Live Long and Prosper....
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Post by kathiel on Jan 14, 2022 20:57:48 GMT
steelpony10, love your new photo! Those CEFs really have been cash cows for you!
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Post by steadyeddy on Jan 15, 2022 0:45:53 GMT
I’m cashing in our last single growth stocks in the spring and investing the proceeds into 8-9% CEF’s whose values only matter to heirs or a LTC facility. The bird in hand investing method. steelpony10, You might have listed the CEFs you own elsewhere in a (different) thread. Would you be kind enough to list them again please?
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Post by steelpony10 on Jan 15, 2022 2:48:25 GMT
steadyeddy , Well I tweak (change) them when I have an opportunity. The individual stocks are in a taxable account. The majority or original CEFS are held in a TIRA. So I’m adding them in the taxable account and reducing our CEF investments in our TIRA putting those proceeds into VTI. Ultimately slowly aiming to a smaller monthly distribution and more “safe” money. Answering your question, PTY, PCM, GOF, PDI, ETV, RSF, PFL, RA, RIV, CLM. The last 4 have the biggest price swings in bad times the trade off being larger distributions. We buy and hold and are just interested in the distribution. We’ve received all our initial investment back in the twelve years the original CEF’s have been held, 72/8-9%. The next greater fool is paying me now.
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Post by steelpony10 on Jan 15, 2022 3:13:51 GMT
steelpony10 , Your: I’m cashing in our last single growth stocks in the spring and investing the proceeds into 8-9% CEF’s whose values only matter to heirs or a LTC facility. The bird in hand investing method. --------- Not necessarily IMHO. I currently have 50% of my portfolio in CEF's and looking for some CapGain along with the current 10.63% (% div cost to yield MktBuyPrc's). CEF's can be profitable if a buy/hold (patient) type investor and investing in the undervalued CEF's.... Live Long and Prosper.... Well it’s time to start breaking down the circus and put everything on as full automatic as possible. Our friends are passing and my wife got me a notebook titled “I’m Dead Now What”. No joke. If I have to “splain things to Lucy” I better keep simplifying I’ve been patient with growth stocks for 40+ years instead. I hope for your sake FD1000 doesn’t see that 50%, Ha. Ha. We used excess to needs CEF income for growth equity indexes mostly. That value now equals CEF values which haven’t grown much for us. So combined with equity TR the last ten years we may have a similar long term return. A problem I saw early on was you can’t get at the capital gains without selling and losing the yield with it. The same reason we converted dividend stocks to CEF’s during the bank crisis. We saw the need to separate the two, capital gains from income. Two separate investment areas, AAPL, MSFT, AMZN etc. from conventional bonds, REITS, utilities, CEF’s, BDC etc. It seems to us there’s less decision making as one ages. Simpler for us and not as well experienced successors also. So there could have been no real capital gains in 2020 for spend down investors requiring lifestyle adjustments or maybe even the near future now but monthly cash flow beyond our needs for us continues.
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