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Hello Paul,
If I adopted your portfolio today, how do I know what stocks you May intend to reduce and at what price?
I do understand that you do not have a “Crystal ball” and ultimately I will make my own decision. I would just like to hear what YOUR thoughts are on this subject and how you would impart it to us.
A: Hi Mike,
Thanks for the question. Yes – broadly the same (stocks and weightings) for the income oriented portfolio.
I probably wouldn’t buy Coca Cola Amatil, might look to add an “industrial” like TOL that might benefit from a pick up in the economy and lower AUD, and in healthcare, possibly something like CSL.
I have changed my tune a little about Woolworths. Although it is expensive, it is hard not to think of it a bit like an indexed annuity – if they can continue to deliver an EBIT growth around 5% each year, and pay a fully franked dividend yield around 4%, it still represents reasonable value. A low risk stock.
Regards,
