Kylen74's  Instablog

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  • Time to get back into the game 0 comments
    Sep 23, 2011 10:10 AM | about stocks: KO, MCD, CVX, SO, KMP, O, ITW, MO, JNJ, T, CHL, INTC

    What to do, what to do?  That has been my mantra for the last week and after yesterday's turmoil, I decided that for my IRA I was tired of just sitting on cash, sure I've flat for the last 3 months, but too many stocks where getting very attractive.  So yesterday I put my toes back into the water, I'm still sitting on about 25% cash, but the rest of the money is now in dividend stocks.  My time horizon is way long term (25-30yrs), so I'm setting these up to reinvest the dividends.

    So I put together the following portfolio together to ride out this current storm and collect some dividend along the way.

    KO - 8% of portfolio
    MCD - 8% of portfolio
    CVX - 9.3% of portfolio
    SO - 4.5% of portfolio
    KMP -  7.6% of portfolio
    O - 6.3% of portfolio
    ITW - 10% of portfolio
    MO - 7.5% of portfolio
    JNJ - 10.6% of portfolio
    T - 9.2% of portfolio
    CHL - 7% of portfolio
    INTC - 12% of portfolio

    The average dividend yield on this taking in consideration MCD new dividend is 4.36%.  So I'll see how this does after a few dividends and rebalance if needed.  I don't want to be over 15% of any stock or 20% of any one sector the way that I have them laid out. 

    Disclosure: I am long KO, MCD, CVX, SO, KMP, O, ITW, MO, JNJ, T, CHL, INTC.

    Stocks: KO, MCD, CVX, SO, KMP, O, ITW, MO, JNJ, T, CHL, INTC
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