This past weekend I completed my quarterly portfolio review and rebalancing.

I do this each quarter to ensure I am following my goals and staying on track. My typical action is to review convictions, review dividend reinvestments and make any decisions to sell. Historically, this has been the only time I sell any holdings.

I journaled all of my changes in Journalytic, which is a new tool I have been using and recommend if you are looking for a better way to track your investing process. The platform is more free-form than my Excel sheet I was using, is searchable and actionable. This allows me to add more detail into my journaling.

Conviction Changes (with high level reasoning):

$BLV - Low to Medium - Rising interest rates

$BN - Medium to Low - Unsure of spinoff from $BAM

$CRON - Medium to Low - Penny stock territory

$HASI - Low to Medium - Too harsh on falling share price

$IEMG - Low to Medium - Stability in ETF

$IEUR - Low to Medium - Stability in ETF

$LQD - Low to Medium - Rising interest rates

$T - Low to Medium - Want to give them a chance post $WBD spin-off

$VDE - High to Medium - Falling crack spreads and price of oil. Don't want to be too overzealous

$VTEB - Low to Medium - Rising interest rates

$XLE - High to Medium - Falling crack spreads and price of oil. Don't want to be too overzealous

Dividend Reinvestment Change (Based on Average Cost Basis Performance vs. S&P):

$ABBV Yes to No

$BN Yes to No

$CARR Yes to No

$CNA No to Yes

$FUN Yes to No

$NSC No to Yes

$SBUX No to Yes

$VIG No to Yes

Rebalancing (with reason):

Sold 1 share of $VTI. Following plan of selling 1/4 of overweight holdings that are under portfolio median rank. Portfolio median is 3. VTI currently at 2. Could sell 7 shares, selling 1.

Conviction Change (with high level reasoning):

$DIS - High to Medium - concerned with CEO situation and continued path to earnings growth

$EMB - Low to Medium - As yields start to rise, this should not be low.

$HASI - Low to Medium - Was too harsh on this holding as a result of share price. Bumped to Medium.

Dividend Reinvestment Changes (based on holding weighting):

None

Rebalancing (with reasoning):

Sold 1 share of $VEA. Selling 1/4 of overweight amount in accordance with plan. Could sell 5 shares. Selling 1 share.

Sold 1 share of $VWO. Selling 1/4 of overweight amount in accordance with plan. Could sell 6 shares. Selling 1 share.

That's it for this quarter. I typically do not factor macro events into my investing, but I feel like the raising of interest rates could have a material impact on the bond funds I hold.

As always, would enjoy seeing your comments or feedback below!