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My 20/20 Vision For The Year 2020 - Update #4

Looking For Diogenes profile picture
Looking For Diogenes


  • This article will update through the five months the portfolio has been in existence.
  • The update will reveal there have been few stocks not impacted by recent pandemic events occurring on a worldwide basis.
  • I will discuss each stock in the portfolio with comments outlining my current thinking.

Warren Buffett recently admitted he had lost $50 billion during the pandemic. If Buffett can be so open about how the stock market has treated him as of late, it is time for me to man up and look at my portfolio. Back in November, I had decided the market was overextended and due a major correction. Based on this belief, I opted to move most of my portfolio into stocks yielding dividends, where the individual companies had long track records of paying and sustaining their dividends. It was then that I decided to create a model portfolio of my stocks and share the results here on SA. I have previously issued three SA reports, ending with the February update. Knowing that March was when the market really began its correction, I opted not to watch it daily. Elm Street is out there, but I did not need to see the carnage Freddie Krueger was bringing to this street, or maybe Wall Street.

With this article, I am skipping the long-ago March report, however, the March results and dividends have been included in the April results just ended. As one can see, the DJIA, my comparator model, has taken massive declines and yet has recently bounced off the 18,000 level seen in March. Will the rebound continue in the DJIA? Will these industrial stocks, not necessarily paying dividends, be the leaders in the market? With such companies paying sizeable dividends and thus being more mundane in market activity, can they catch up with the DJIA results?

I do not have a clue for the near-term future. However, if my dividend-paying stocks continue to accumulate cash at the same rate, I will be pleased with the valuation of my portfolio.

The DJIA hit the 18,000 level in March. Anything in the future

This article was written by

Looking For Diogenes profile picture
I'm retired from a near 40 year career in the publishing industry working with an international publishing company. I obtained the position of Vice President and I led the sales efforts in the two largest markets in the textbook industry -California and Texas. My investing experience is over a span of 40 years.Luckily with more winners than losers! My hobbies are traveling , reading good books(non-fiction)--and researching stocks that I have an interest. I teach a continuing education class at our local college each semester. I volunteer my time working in assisting several lawyers with their Child Protective Service cases.Drugs are destroying our society and family structure). Finally, I serve as a reviewer for a national literary prize given each year. No pay, but I get to keep the books and add to my ever growing library. Other than these activities---I'm just plain lazy!

Analyst’s Disclosure: I am/we are long BBDC, BKCC, BKEPP, BKT, BDJ, HASI, HRZN, PTY, XOM, IDRSF. 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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