08-12-2021, 11:53 AM
[quote pid='28036' dateline='1628785081']
Added some ANTM today on this rare dip.
I'm trying to focus on growthier dividend names with smaller yields.
On the other hand, looking at my portfolio, GIS, ED and VZ are all candidates for the chop due to their poor growth prospects. I don't feel they fit in a mid-late 30 guy's portfolio.
[/quote]
I'm much older and not interested in those names. They always remain on my watchlist though. It may takes years but a few of them stumble every year. Get the yield up 30% higher than today and you have a stock that will almost surely bounce back most of the way back up. I don't understand the attraction to zero growth utilities at all. It's too easy to find a 5-7% consistent grower. Pull up a 10yr chart for WEC or XEL. Add ED to your graph. The difference in total return is eye opening. Look at the periods when the market takes UTEs down for awhile. ED is never spared.
If interest rates rise all UTEs will get hit with the index. I am not telling you to buy today but they are as solid as most DGI stocks.
Added some ANTM today on this rare dip.
I'm trying to focus on growthier dividend names with smaller yields.
On the other hand, looking at my portfolio, GIS, ED and VZ are all candidates for the chop due to their poor growth prospects. I don't feel they fit in a mid-late 30 guy's portfolio.
[/quote]
I'm much older and not interested in those names. They always remain on my watchlist though. It may takes years but a few of them stumble every year. Get the yield up 30% higher than today and you have a stock that will almost surely bounce back most of the way back up. I don't understand the attraction to zero growth utilities at all. It's too easy to find a 5-7% consistent grower. Pull up a 10yr chart for WEC or XEL. Add ED to your graph. The difference in total return is eye opening. Look at the periods when the market takes UTEs down for awhile. ED is never spared.
If interest rates rise all UTEs will get hit with the index. I am not telling you to buy today but they are as solid as most DGI stocks.