Mar 20, 2016

Portfolio Review - March 2016

Hello folks! It's been a while. I have made one buy since last post which I will reveal here, but most importantly let's see how my portfolio looks like in the mid March of 2016. First, the total value of my direct stock investments: $61,001 with an average yield of 3,98%. Again no currency conversions, so the total value consists of EUR, USD and CAD investments. I try to ignore currency fluctuations when I monitor my progress. But as we know EUR is stronger than USD and USD is stronger than CAD. So if you think about the total value as USD, that gives rather good image.

What about sector allocations then? I have modified sectors slightly to fit my own purposes. For example Target (TGT) is my only consumer discretionary stock. I didn't want to separate it from consumer staples, but placed all consumer stocks in one sector: 'Consumers'. Here are sector weights in my active portfolio (inactive Nordic investments excluded):

Ok, so Industrials is currently No.1 and Consumers No.2. I would like them to switch places. I'm pretty heavy in Industrials. I'm not overly concerned about that though, because those companies mostly operate in very different businesses. Think about for example DE (Farm & Construction Machinery), LMT (Aerospace & Defense) and RSG (Waste Management).

In addition to Consumers, Healthcare continues to be a sector where I try to increase exposure. When I reach 15%, I may set the target even higher. On the other hand I try to lighten in REITs. Gotta be pleased how I have been able to push down that Energy sector. Just a year ago I was terribly overweight in Energy; something around 20%. In rest of the sectors I'm rather well in line with the target weights.

TOP 5 (5 biggest positions, active portfolio, inactive Nordic positions excluded)
1. Johnson & Johnson (JNJ)
2. Realty Income Corporation (O)
3. Lockheed Martin Corporation (LMT)
4. The Procter & Gamble Company (PG)
5. Pinnacle West Capital Corporation (PNW) 

Currently companies in my portfolio are based in eight different countries. This chart naturally represents my entire portfolio including inactive Nordic investments:
I don't have target weights regarding countries, but over time USA and Canada are going up because my new purchases focus on these countries. Speaking of purchases, this week I added more shares to my position in Abbott Laboratories:

Buy in USD - Abbott Laboratories (ABT)
Trade Price: 39.85
Shares: 4
Commission: 0.35
Total: 159.75
Sector: Healthcare -
Medical Appliances & Equipment
Yield: 2,6%
Payout Ratio: 35%
Dividend Increase Streak Years: 2
Annualized Dividend Growth 3-yr: 0%
P/E (ttm): 13,3
S&P Credit Rating: A+

Forward 12-month dividend income, the entire portfolio including inactive Nordic investments: $2,717.70.

What do you think about my sector allocations and else?
Thanks for reading. My portfolio page has been updated to include the ABT buy in this article.
Disclosure: Long all securities mentioned.

Image courtesy of posterize at

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