Published Thu, 03 Dec 2020 09:58:00 -0500 on Seeking Alpha
Seeking AlphaPortfolio Strategy2020 Pandemic Reset; 10% High Yield Retirement PortfolioDec. 3, 2020 9:58 AM ET|| Includes: AGNC, ARCC, BXMT, CHMI, CSWC, DX, GBDC, GOF, GSBD, HTGC, LADR, MAIN, NEWT, NLY, ORCC, PCI, RCS, STWD, TPVG, TSLXby: High Yield Cash FlowHigh Yield Cash Flow Long Only, portfolio strategy, REITs, BDCsSummaryI consider the 2020 year to be a reset to my current portfolio. I have reduced holdings to focus on investments that I believe will survive the pandemic.
This article includes my current holdings along with YTD (Year To Date) performance and expectations moving forward.
Distribution coverage is sitting at 120%, exceeding my yearly retirement distribution and continue to reinvest surplus dividends for growth.
Why I changed my username in the conclusion section of this article.
Many near or retired people like myself do not have a fortune to invest in the market and wait for massive capital gains to support our income needs. I look at the market and have a choice, to invest for capital gains controlled by people’s emotions and speculation or the tangible dividends hitting my account every month.
My 10% yield portfolio contains BDC (Business Development Company) and mREIT (mortgage Real Estate Investment Trust) investments. Both asset types were tested this year. Through some basic principles, I have maintained my distribution since 2018. The main successful principle is overearning my distribution and reinvesting the surplus. This is the same principle for most workers, contributing a percentage of their paycheck into a retirement account.
In retirement, it's not my intention to be glued to a computer trading for every dollar I can make. In retirement, the most valuable asset I have is the quality of time for the remainder of years I have left. For this reason, the purpose of my portfolio is to generate income for my distribution along with Social Security to provide the same standard of living as when I was... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|CHERRY HILL MORTGAGE INVESTMENT||13.52||0.0||-3.91||1.60||14.40|
|ANNALY CAPITAL MANAGEMENT||8.60||0.0||-3.32||1.20||14.00|
|AMERICAN CAPITAL AGENCY||15.64||0.0||-1.54||1.92||12.21|
|GUGGENHEIM STRATEGIC OPPORTUNITIES FUND||19.51||0.0||0.00||0.00||11.10|
|HERCULES TECH GROWTH CAP||13.26||10.0||1.32||1.28||9.55|
|GOLDMAN SACHS BDC||20.29||22.5||0.90||1.80||8.88|
|NEWTEK BUSINESS SERVICES||22.91||0.0||0.00||2.32||8.09|
|PIMCO STRATEGIC GLOBAL GOVERNMENT FUND||9.17||0.0||0.00||0.00||8.04|
|STARWOOD PROPERTY TRUST||24.39||18.5||1.32||1.92||7.95|
|BLACKSTONE MORTGAGE TRUST||36.16||14.5||2.49||2.48||6.94|
|GOLUB CAPITAL BDC||18.55||15.7||1.18||1.28||6.89|
|MAIN STREET CAPITAL||43.18||16.8||2.57||2.46||5.69|
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