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Man am I glad I switched off automatic dividend reinvestment and stopped trimming winners. I was very close several times to trimming Lowe's, but resisted the urge.
Hit yet another all-time high today and is now the largest position in my portfolio at $4,165.
My first directed reinvestment into HD at $268.50 on on March 11 has worked great as well. A 20% gain in a little over a month!
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04-14-2021, 09:10 AM
(This post was last modified: 04-14-2021, 09:10 AM by ken-do-nim.)
I generally reward winners with follow-up investments, and trim/eliminate losers or slower-gainers.
Oh gosh Home Depot, Lowe's, and the leveraged fund that triples them NAIL have been godsends!
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I thought 300 was the 2021 top for HD and I have a pretty good idea how things are going.
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Hi Eric,
I was studying your portfolio, and I noticed that the overall yield is 2.72%, similar to your parent's proposed portfolio of 2.66%. Do you choose stocks that just happen to arrive at those yields when mixed together, or do you consciously work to pick stocks that come to around that figure?
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The intent was a true DGI port with an annual 10% income growth goal for the port. His current yield is well above market average because he has mostly achieved the goal with minimal intervention. He does very little selling but has dumped a few dividend cutters. Not many though. 2020 might have been his most active year? He has added a few higher div stocks to maintain the progress. 10% is a challenging goal and makes the project entertaining to track. Hitting the goal without resorting to yield traps which misses the mark on future div growth goal. The port has decent cap appreciation as well.
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04-26-2021, 06:40 AM
(This post was last modified: 04-26-2021, 06:41 AM by ken-do-nim.)
I see; yeah that's pretty neat. 10% wow! So that means a company paying $0.80/share goes to $0.88/share and does that every year. So if their yield percentage were to stay the same, that means they would also be increasing their stock price by 10% as well.
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I guess the closest column Eric tracks to telling readers like me how much the company in question is increasing its dividend is Yield on Cost. Nice to see how though his current yield is 2.72%, the yield on how much he paid is 4.46%. I should definitely track this too.