07-19-2015, 01:27 PM
(07-18-2015, 03:58 PM)Turvok Wrote: I've been considering reducing my current portfolio of 30 stocks down to 25 to try to be a little more concentrated in them. If you could remove 5 stocks, which would they be and why? I have a couple ideas, but I'm not 100%
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As you can see, I don't have full positions in anything. I think selling 5 would help to concentrate me more. I believe being more concentrated will help my growth instead of waiting a few years to accumulate enough shares to get a share via DRIP each quarter or more. I am still pretty young (33), so I am thinking about selling T, VZ, AFL, and SAN (although, SAN is a pretty good income play for the long term and a reasonable div% before this last cut)
Thoughts?
I'm not sure I buy into your premise. That is a fine collection of stocks. Yes, dumping the stocks with the lowest dividend growth rates will increase the average dividend growth rate of the portfolio, but don't forget that is all backwards-looking. You've got a long way to retirement, and 30 stocks is by no means excessive. Why not just use your new money / future purchases to nudge the portfolio in the direction you want?