My investment strategy is a hybrid of dividend-growth and capital appreciation. I’m in the process of building a reliable and growing income stream that will eventually replace our current earned income. If my dividend-growth investments are meeting quarterly and yearly goals, I consider long-term (and occasionally speculative) capital-appreciation opportunities. My stock portfolio currently includes: CVX in Energy; EMR, ITW, LMT, MMM, NSC, RTN, UNP, and UTX in Industrials; DG, DIS, HAS, HD, JWN, LOW, MCD, SBUX, and TGT in Consumer Discretionary; CVS, GIS, KO, KHC, PEP, PG, and WBA in Consumer Staples; ABT, AMGN, BDX, ESRX, GILD, JNJ, MDT, and SYK in Health Care; MA, TROW, and V in Financials; AAPL, CSCO, IBM, MSFT, QCOM, and SWKS in Technology; T and VZ in Telecom; AVA, D, LNT, SO, WEC, and WTR in Utilities; and DLR, O, OHI, and VTR in Equity REITs. I don't benchmark my dividend-growth holdings but do compare their performance against the quarterly and annual goals stated above. I do compare the performance of my capital-appreciation stocks against the performance of the S&P 500. In general, I'm an infrequent seller.