And to right or wrong
And to weak or strong
It is known, just scream it from the wall
I've willed, I've walked, I've read
I've talked, I know, I know
I've been here before
In September 2020, four triggered sales marked the beginning of my portfolio's major flip from growth to income. At that time, I was attempting to do the right thing - in this case, not being greedy and preserving my gains. If I had a large banner reading MISSION ACCOMPLISHED handy at that moment, I would have unfurled it over my computer desk as the transactions executed.
Fast forward 1.5+ years to the present day: a reassessment is warranted. My intentions were good. And if the growth stocks that I sold didn't continue to grow like they had, I would have been correct in my actions. But they did, and therefore I was not. I was too conservative.
I could say I made a mistake - and in monetary terms, I certainly did - but instead I'll just say that I made a non-optimal decision.
Today, I've begun the unwinding of that decision. I've sold a substantial chunk of my HYLB to fund a purchase of my favorite group of ETF/Ns: GLDI, SLVO, USOI, QYLD, RYLD, and XYLD. I believe these to be more risk-appropriate.
Another key reversal from my previous decisions is that this is a partial sale. I've justified "when selling a holding, sell every share" for two reasons:
- why hold on to something I don't believe in 100%?; and
- simplification of bookkeeping.
- the lack of belief may be misguided; and
- the tax consequences of selling everything can be significant.
As a stretch goal: for dividend income purposes, I'd like this portfolio to eventually be as much as a
I am in no rush to flip into yield. I would rather let my winners run forever. However, if in any given month I see no stocks that present themselves as especially good buying opportunities, I have no reservations in simply adding to my
For the foreseeable future, I want to track my Big
Amazon (AMZN)
- $1.18T market cap
- no dividend
- $477.8B revenue
- 7% revenue growth
- $66.4B cash
- $113.3B debt
- $39.3B operating cash flow
- $18.0B free cash flow
Microsoft (MSFT)
- $2.07T market cap
- 0.9% dividend yield
- $192.6B revenue
- 18% revenue growth
- $104.7B cash
- $78.0B debt
- $87.1B operating cash flow
- $48.9B free cash flow
Here's my current portfolio (buy, hold, and sell). As always, I believe in all of these stocks/ETF/ETNs - until I sell them.
Microsoft (MSFT) 15.31%
Invesco NASDAQ Next Gen 100 ETF (QQQJ) 2.47%
