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Older Folk Portfolio

Summary

Income.

More income.

And more income.

Age: Mid 60's.

Primary Objective: To build an income stream that is reliable, predictable and increasing.

Income Objective: $200,000 per year.

Current Income: $180,000 per year.

Strategy: To build positions of size. I add to companies monthly regardless of market conditions, to put cash to work as quickly as possible creating more income.

I have combined the taxable account and tax deferred for the sake of simplicity as most companies listed below are in both types of accounts. Additionally, by combining the two you get to see the total size of each position.

Updated as of 9/21/19.

SO ....... $220,633

D ......... $210,478

O ......... $210,143

WEC ..... $183,512

T ......... $181,368

VZ ....... $175,699

DUK ..... $171,740

PG ....... $169,883

SRE ..... $157,927

NEE ..... $157,101

PEP ...... $151,187

KO ....... $147,338

KMB ..... $141,785

ED ....... $141,686

WPC .... $134,139

JNJ ...... $124,958

GIS ...... $120,027

PSA ...... $109,231

CVX ...... $106,123

VTR ...... $99,084

TGT ...... $99,185

WELL .... $98,303

TD ........ $96,608

SPG ...... $96,318

MMM ..... $95,267

UL ........ $94,033

XOM ..... $86,665

BMO ..... $83,253

CBRL .... $81,385

GPC ..... $80,301

CSCO ... $76,403

KMI ...... $76,295

IBM ...... $74,771

MDT ..... $66,224

CLX ...... $59,910

HD ....... $59,762

MCD ..... $59,487

LOW .... $57,121

CL ....... $51,313

XEL ..... $50,958 (new position)

NNN .... $47,919 (new position)

SYY ..... $41,722

ITW ..... $36,904

PAYX ... $25,163 (new position)

KTB ..... $2,843 (result of a spin off from VFC) 

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CEF'S

DNP .... $67,325

PTY ..... $58,194

UTG .... $56,931

ETO .... $30,259

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The amount of utility company exposure in this portfolio is 25.5% and I may take it up to 30%. In my opinion, utilities are the backbone of a portfolio looking for relatively safe and reliable dividends.

Comments that I deem relevant and pertaining to this portfolio are allowed, all others will be deleted immediately.