August Watchlist Update
Below is an update on my watchlist for August in preparation of my Birthday Buys in January! I am targeting to add 1 to 2 positions in each portfolio. Some of the great July Ideas recommendations have made their way onto my watchlist 👀
Taxable
Removed:
$COST - I have a number of other very strong alternatives that I would add ahead of Costco, so I removed it from my watchlist.
Added:
$DE - Jumped to a 5/6 to tie $DMLP as an Industrials option.
$F - Potentially breaking one of my rules by choosing not to invest in auto manufacturers. This was a July Ideas rec, and ranks as a 5/6 to tie $DMLP as an Industrials option.
$CAT - Jumped to a 5/6 to tie $DMLP as an Industrials option.
Roth IRA
Removed:
$WM - Dropped from a 5/6 to a 4.5/6 over the course of July. Added $AY, which has a higher ranking at 5/6.
$ALL - Dropped from a 5/6 to 4.5/6 over the course of July. Still have $OZK as strongest potential Financials picks ranking at 5.5/6.
$AFL - $OZK increased from a 5/6 to a 5.5/6, which is now my strongest potential financials play. $AFL has therefore been removed.
Added:
$RICK - July Ideas rec. Ranking at a 5/6 and strong Sin Stock option.
$AY - July Ideas rec. Ranking 5/6 as a Utilities option.
$CAH - Jumped up to a 5/6 in July to tie $AMGN as a top Healthcare option.
$REGN - umped up to a 5/6 in July to tie $AMGN as a top Healthcare option.
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​My predicted picks in July were $PENN in my Taxable account and $AMGN in my Roth IRA. Now in August, my picks have changed to $CAT in my Taxable and $OZK in my Roth IRA.
I'd love to hear your thoughts on my picks and thought process!
Conor Mac's avatar
What specific alternatives did you have for Costco?
Scoreboard Investor's avatar
@investmenttalk not necessarily an alternative to Costco, but I already have exposure to retail through $TGT. That in addition to have a number of other high ranking options, I figured it wasn’t worth putting time into something I probably won’t be buying at least in this next year.
AverageInvestor's avatar
Do you find the hassles of a K-1 worth the return on investment for stocks like $DMLP?
Scoreboard Investor's avatar
@averageinvestor it’s definitely a pain. I currently have $FUN, which is an LP. I’m glad some other industrials are inching up there to have alternatives in that sector
Mark Dz's avatar
$F concerning. Huge $ commitment to EVs which has to come from selling more gas vehicles. And, they lie. Previous conf calls said there were no supply chain issues only to get smacked by chip shortage with everyone else. Used car prices are starting to slide and late payments on auto loans is rising. Just seems like they have some very challenging quarters in front of them.
Scoreboard Investor's avatar
@graywolf all fair points. Will have to track over the next few months and have some other strong alternatives to $F as well

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