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John Cofran
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John Cofran is a professional investor and money manager with 20+ years experience, and over $15,000,000 in assets under management. He is a former CPA applicant with degrees in Finance, Accounting and Economics from Boston College. In addition to building several highly successful private... More
  • December 30, 2011 Portfolio Composition 0 comments
    Dec 30, 2011 2:55 PM | about stocks: HYG, AAPL, STJ, T, OHI, JNK, CLI, MSFT, PEP, WAG, NYCB, INTC, PFF, EMR, ITW, ORCL, CAT, GE, HAS, FE, CMI, CSX, NTAP, QCOM, CVX, IFF, DECK, BBEP, FTR, JPM, BMC, ZMH, WM, BRCM, CSCO
    Below is my year-end portfolio composition. After wholesale changes in the last two weeks to minimize current and future tax liabilities, the portfolio no longer has high concentrations of high and ultra-high yield stocks and ETFs with little to no growth.

    The portfolio now has a greater slant towards value and growth, as I see 2012 as a potential break-out year. The current yield sits at 4.80%, however several planned moves in early January will lift the portfolio yield to 5.70%. I expect dividend growth of 6.0% in 2012 as well as capital appreciation from this group in the neighborhood of 8.0% - 12.0%, for a total projected portfolio return of 14% - 18%. Factoring in expected trading gains, I expect a total return in 2012 of 20%- 24% before taxes.

    My target allocations are as follows:

    High Yield Bonds- 22%
    Energy- 12%
    Consumer- 12%
    Tech- 10%
    Trades- 10%
    Industrial- 10%
    Preferred Stocks- 8%
    Telecom- 7%
    REITs- 6%
    Financials- 6%
    Pharma- 4%
    Utilities- 4%
    Services- 4%
    Mortgage REITs- 4%
    Basic Materials- 4%
    Medical Technology- 4%
    Business Development Companies- 3%
    Cash- (30%)



    Weight Yield



    HYG 16.75% 7.18%
    AAPL 4.60% 0.00%
    STJ 4.15% 2.43%
    TGP 3.77% 7.59%
    T 3.44% 5.81%
    OHI 3.34% 8.15%
    JNK 3.26% 7.65%
    CLI 3.04% 6.72%
    MSFT 2.96% 3.06%
    PEP 2.83% 3.09%
    WAG 2.82% 2.72%
    NYB 2.81% 8.08%
    INTC 2.77% 3.44%
    PFF 2.74% 6.19%
    EMR 2.67% 3.40%
    ITW 2.67% 3.06%
    ORCL 2.64% 0.93%
    CAT 2.59% 2.02%
    GE 2.55% 3.78%
    HAS 2.54% 3.75%
    FE 2.53% 4.93%
    CMI 2.52% 1.80%
    CSX 2.52% 2.27%
    NTAP 2.50% 0.00%
    QCOM 2.49% 1.57%
    CVX 2.43% 3.02%
    IFF 2.39% 2.36%
    DECK 2.18% 0.00%
    BBEP 2.16% 9.13%
    FTR 1.97% 14.07%
    JPM 1.88% 3.02%
    BMC 1.87% 0.00%
    ZMH 1.37% 1.34%
    WM 1.30% 4.34%
    BRCM 1.17% 1.22%
    CSCO 1.03% 1.32%
    SYMC 1.01% 0.00%
    MSFT17.5Calls 0.48% 0.00%
    CIM 0.34% 20.55%
    MSLP 0.13% 0.00%
    Cash -9.25% 0.00%




    100.00% 4.80%
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