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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 |