This is my current annual income, after purchasing 29 shares of ORI and 13 shares of SO.
Having reached my goal with the purchase of ORI, I decided to double-down on SO. I know the P/E is not acceptable using my criteria, nor is the payout ratio, but I also know that SO is only out of favor because of redistribution in the utility sector, and that SO benefits greatly from the Trump tax cuts. I also know that YD sold all his SO (I'm assuming for the tax harvesting) and dropped it into AT&T. This is speculation on my part, I think the yield is worth the risk, despite SO's nuclear infrastructure, which would have occurred with or without the tax cuts. I think that there are safer options out there, but I am chasing the yield so I can fit the part of the somewhat desperate mid-life investor :)
I would really like to spend next week's investment on O, since REITs are currently sinking due to rising interest rates, but I do plan to hold onto my requirement of keeping staples the largest part of my portfolio. I am keeping an eye on P&G after their loss from earnings, but will also be watching the possible ADM/Bunge merger, earnings for my other staples, and the possible addition of Wal-Mart or Smuckers.
I will be updating my charts today, and will take some time later to comment further. I've been busy the past 3 weeks and need to research some things and digest it.
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