04-13-2015, 09:18 AM
(04-12-2015, 05:53 PM)navyasw02 Wrote: Looks like a good set of stocks, but what's your weighting strategy?
I'll get more serious about weighting in 10 or 15 years, but for now, my strategy is to take advantage of the best opportunities available, even if that means my weightings are unbalanced. If, say, JNJ went on a massive sale today, I'd buy more, even though it is an outsized position for now. I want my eventual portfolio to be three or four times as large as it is now, so there seems no sense in buying inferior stocks just to keep the weightings artificially "balanced" while the portfolio is still deep in the accumulation phase.
Put differently, although JNJ is 10 percent of my current portfolio, I still want a lot more of it for my ultimate/eventual portfolio. So I'll buy it whenever it is attractively valued.
(04-13-2015, 08:35 AM)Roadmap2Retire Wrote: Some massive positions in tobacco stocks - about 17% between MO and PM. Hmmm interesting...
Yeah, I think the tobacco companies are great anchor tenants in my portfolio. I'm not sure if they will be viable for decades more, but I think the nearness of their demise is usually overstated.