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Q2 Portfolio Alignment
I do my best to stick to a routine cadence when it comes to investing. I have written about some of my methodology here, if you are interested.
Just like doing routine maintenance on your car, I do routine maintenance on my portfolio. The first weekend of each quarter I review my holdings and make updates to conviction ratings, reinvestment strategy and make any sales to trim positions. This routine alignment ensures I am on my intended path, but is also scheduled, so I don't go off the rails and make drastic changes on a whim.
Some of my rules for my portfolio alignment:
- Sales - My rule is to trim overweight positions that I have held for 3+ years or sell positions that are <1% of my portfolio after 3+ years of holding.
- Dividend Reinvestment - Reinvest dividends of S&P beaters in Taxable. Reinvest dividends of underweight holdings in Roth IRA.
- Conviction Rating - Review each holding and record gut conviction (blind to previous rating)- either Low, Medium or High.
Taxable Brokerage
Sales:
None. $CMA and $VTI were candidates for me to sell, but I do not feel the need to trim these positions right now.
Dividend Reinvestment (Changes Only):
- $ABBV - No to Yes
- $CNA - No to Yes
- $NSC - Yes to No
- $RTX - No to Yes
- $RVT - Yes to No
- $TGT - Yes to No
Conviction Rating (Changes Only):
- $ABBV - Medium to High
- $BUD - Medium to Low
- $T - Low to Medium
- $COIN - Medium to High
- $DD - High to Medium
- $MCD - High to Medium
- $PEP - High to Medium
- $PFE - High to Medium
- $PG - High to Medium
- $RTX - Medium to High
- $RVT - Low to Medium
- $SCHD - High to Medium
- $UL - Medium to Low
- $VIG - High to Medium
Roth IRA
Sales:
Dividend Reinvestment (Changes Only):
- $CARR - No to Yes
- $DD - No to Yes
- $HSY - No to Yes
- $KMB - No to Yes
- $LOW - No to Yes
- $SBUX - No to Yes
Conviction Rating (Changes Only):
- $DD - High to Medium
- $HSY - Medium to High
- $KMB - High to Medium
- $VIG - High to Medium
- $VNQ - High to Medium
Reviewing my Conviction changes in both accounts, I am definitely leaning more conservative in most areas.
What are your thoughts? Do you do any portfolio maintenance activities? Would love to hear!
Have a great Sunday!
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