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2020 Pandemic Reset; 10% High Yield Retirement Portfolio

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.
Background
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
DYNEX CAPITAL 15.16   0.0 -10.26 1.80 12.06
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
ARES CAPITAL 19.19   10.5 1.82 1.60 8.39
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
LADDER CAPITAL 17.14   12.1 1.42 1.36 7.96
STARWOOD PROPERTY TRUST 24.39   18.5 1.32 1.92 7.95
CAPITAL SOUTHWEST 21.81   12.2 1.78 1.60 7.21
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

CHERRY HILL MORTGAGE INVESTMENT - CHMI
CHERRY HILL MORTGAGE INVESTMENT - CHMI  


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