William Taylor

Portfolio Update: Still Trimming ETF/CEF Holdings

Thanks for your interesting articles. Yesterday on Seeking Alpha there was an article about XOM by Michael Fitzsimmons critical of XOM and it's small dividend relative to others in its group. I have held XON for over two decades and now realize that a bigger dividend, (how about a doubled one), would suit me just fine and that I should bail out of the giant and put my money to better use. We are not talking peanuts here! My biggest holding BAC, which used to give me well over $ 10,000 a year in dividends is now on my "stinkers" list and as I am retired I could use the income I have lost from BAC,( I will hold it for another three years and see what happens before I decide to keep or sell it), but I believe XOM can well afford to reward shareholders.