Entering text into the input field will update the search result below

My Roth Conversions Are Adding Up.

Feb. 12, 2015 8:01 PM ETMO, AGNC, MTGE
Dividends#1 profile picture
Dividends#1's Blog
1.98K Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

I have continued to convert my SEP IRA to my ROTH IRA. Our ROTH IRA's now comprise 83.1% of our retirement portfolio. The other 16.9% is in my SEP IRA account.

I have done sizeable ROTH conversions since 2010.

I have bitten the bullet and paid the taxes now with the goal of having a very small tax bill later.

Lastly, I have recently sold my PM position and bought more AGNC shares as I feel the discount to BV is too steep to pass up. Additionally the AGNC monthly dividend is steady and sizeable. I converted AGNC in 2014 when it was trading at $20/share and have reinvested almost all the dividends except for one month when I bought FSC. I will not make that mistake again. I recently converted AGNC and MTGE into my ROTH.

My current retirement portfolio allocation is the following:

RETIREMENT PORTFOLIO: UPDATED AS OF 2/10/2015

MO = 43.4%

AGNC = 41.4%

MTGE = 14.8%

FSC = .4%

RETIREMENT PORTFOLIO UPDATED As Of 3/24/2015 Close:

MO = 45.3%

AGNC = 42.9%

MTGE = 11.8%

I recently SOLD some MTGE at $18.xx after they cut their dividend and used ALL the proceeds to buy MO. I did have a knee jerk reaction selling MTGE. I do feel safer over the long term increasing my MO position.

Analyst's Disclosure: The author is long MO, AGNC, MTGE.

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.

Recommended For You