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Portfolio Of A Millennial: June Update

Jul. 04, 2017 8:39 PM ETAMGN, PEG18 Comments


  • My dividend-focused portfolio performed strongly in June, increasing by around 3%.
  • Dividends received were almost 3 times the amount earned in June 2016.
  • I did not buy or sell any holdings.

Portfolio of a Millennial Image

Credit: High Plains Investor

Portfolio Goals

For those who didn't read my introductory piece, the first group of stocks were purchased in the winter of 2015.

I used inherited funds upon my father's passing to buy an equal allocation of shares in 10 US companies, one in each sector.

The goals were to find large companies with growing earnings, stable cash flows, consistent dividends and low debt at a reasonable valuation. I have, for the main, kept to that strategy with some exceptions.

These were the initial positions:

  • Archer Daniels Midland (NYSE:ADM)
  • Corning (NYSE:GLW)
  • Dow Chemical (NYSE:DOW)
  • Johnson & Johnson (NYSE:JNJ)
  • Magna International (NYSE:MGA)
  • Norfolk Southern (NYSE:NSC)
  • Public Service Enterprise Group (NYSE:PEG)
  • Telus (NYSE:TU)
  • Wells Fargo (NYSE:WFC)
  • Woodward (NASDAQ:WWD)

As of July 2017, my holdings have expanded to a current total of 19: 12 companies and seven REITs.

Monthly Performance

Portfolio of a Millenial June returnCredit: High Plains Investor

In terms of performance, June 2017 was the third strongest month for my portfolio in the past year.

Biotech giant Amgen (AMGN) had a spectacular 30 days, leaping by almost 10%. I outlined my views about this excellent company in a recent article. I think I'll always hold on to the Enbrel manufacturer.

Other strong performers included Packaging Corporation of America (PKG), Wells Fargo (WFC), Easterly Government Properties (DEA) and Omega Healthcare Investors (OHI). I'm pleased to see that the rotation of money into financial stocks helped buoy my holding.

New Jersey utility Public Service Enterprise Group (PEG) was my chief loser, suffering a drop of 5% over the month. PEG went the way of the broader utilities ETF (XLU) which finished the month 1.41% lower.

PEG offered 2017 guidance of $2.80-$3.00 in its Q1 earnings call, giving the company a forward P/E of just over 15. That's tempting to me and I may look into

This article was written by

I primarily write about US and European dividend-paying stocks for a long term horizon. I also examine growth opportunities that might suit my portfolio.As of November 2020, my holdings are AKZO, AMGN, ADM, BAC, DEA, GLW, HASI, INTC, OHI, PEG, RB, SGRE, SPG, STAG and TU. My aim is to reach 25 diversified stocks with a balance between stability and growth.Disclaimer: I only write about stocks from the perspective of whether I would invest in them. I do not encourage readers to buy stocks based on my writing. You should always do proper research and/or consult a financial advisor before making investments.

Analyst’s Disclosure: I am/we are long ADM, AMGN, CLDT, DEA, GLW, HASI, IRT, NSC, OHI, PKG, PEG, RHI, SPG, STAG, T, TRV, WDC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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