My approach to investing is not recommended for others to follow to the tee. However, if something I am doing makes sense to you and you do your own due diligence then you can implement a part of my strategy into your portfolio. Hopefully, something I write will resonate as a useful actionable tool for you to implement. For instance, few investors are going to be comfortable owning 3 stocks. However, if you have come to the conclusion that Altria Group (NYSE:MO) is a very strong stock to own, you might look to start or increase your position in MO when MO has a pullback and a more attractive entry point presents itself from a valuation standpoint. Currently MO is trading at its all-time high.
I only own 3 stocks. I am currently retired at the age of 55. I have been retired for the last 15 months. My portfolio keeps growing and my wife and I have lived well since my retirement. It has been a bull market and the excellent results may not occur over the next several years. However, AGNC, my largest holding, suffered dividend cuts and a steep decline in its price and I still managed my portfolio successfully. I have actively managed my portfolio successfully by buying AGNC when it trades at a 10% or more discount to its book value and selling a portion when it closes the gap. I also took a substantial profit in KMR and then recently used the proceeds to increase my AGNC position as the discount to book value is currently approximately 13%-15%, in my estimation.
Source: Seeking Alpha
Related Articles:
- 10 Dividend Stocks Delivering The Secret To Success
- 10 Dividend Stocks For A Rainy Day
- 4 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
- 12 High-Yield Managed Distribution Policy Funds
________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Showing resilience during a tough week was a group of stocks that has not been heard from much in the past two years. A group that has been ...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
Add it all up, and things are starting to get tense. That leaves investors wondering where they can go for safety. After years of tech outpe...
-
While these pharma stocks have steady cash flows and revenues, there’s still plenty of growth left in the tank from new drugs in development...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
Dividend-paying stocks are like the ballast that keeps a ship from capsizing during stormy seas. They provide grounding for investors who, w...
-
Are you on the hunt for a generous and reliable dividend stock? If so, the list of Dividend Aristocrats -- comprised of those few companies ...
-
Despite a strong year, the renewable power company has lost 20% of its value, which has pushed its dividend yield up to 7%. That lower price...
-
Individual investors were jolted by the sudden reappearance of market volatility in October. Given a range of issues spanning natural gas av...
-
If you’ve paid any attention to the financial news lately, you’d know that market sentiment has changed. This shouldn’t come as a surprise; ...
0 comments
Post a Comment
Post a Comment