The last few weeks have shown me that my portfolio is too cash flow-heavy and that I should focus more on dividend growth and growth stocks again. I have therefore spent the last few days looking at several of my stocks and scrutinizing overlaps, performance and cash flow. The result is a shift of around 10% of the portfolio towards more stability and growth with less risk.
Good and poor underperformers have been removed from the portfolio,
- $SBUX (+0.19%) Starbucks
- $GLAD (+1.04%) Gladstone Capital
- $KMB (+1.01%) Kimberly-Clark
- $KO (+5.12%) Coca-Cola
Reduced, the super run,
- $CAT (-5.22%) Caterpillar (insert completely pulled out)
New additions to the portfolio are the stocks that are currently very attractively valued in my opinion,
- $REL (+5.39%) Relx
- $SPGI (-3.5%) S&P Global
Stable stocks with potential for outperformance were added,
- $MCD (+0.97%) McDonalds
- $PEP (+2.75%) PepsiCo
- $AMGN (+3.92%) Amgen
- $ARCC (+0.25%) Ares Capital
Overall, I have reduced the number of positions somewhat, eliminated underperformers and at the same time shifted into stability and growth.
I feel very comfortable with this adjustment and will keep a close eye on what further adjustment potential I find in my portfolio.
In addition, I'm keeping around 10k dry in case things go downhill again if peace between the USA and Iran doesn't materialize after all... I have serious doubts that this will work out.