Building on the amazing returns I enjoyed in 2016 (details here),
here are the first quarter returns for 2017.
Most of this portfolio consists mainly of high-yielders because I'm trying to build a new portfolio up quickly. We'll see how this strategy works. So far so good.
I managed to add another 11.23% in the first Qtr. of 2017 to the amazing 70.07% (or 96.38% depending on your valuation method) achieved in all of 2016. Not quite on par with last year's pace, but still very respectable. It's important to remember though, the goal of "Divi-X" is not to be a consistent out-performer but to consistently outperform without "Divi-X," and more often than not, it continues to do so.
If you have read my book or read my articles, you should know that I prefer to buy and hold but sometimes you have to make exceptions to the rule. I closed out 2016 with Scorpio Tankers (STNG), but after a 5%+ drop in the first quarter and unable to find a reason why, I sold. Very soon afterwards, they cut their tremendous dividend from $.125/qtr to a mere $.01/qtr. I did manage to capture one of the big dividends before they cut which went a long way to minimizing my losses.
Finally, a comparison of my 1st qtr results of 11.23% to the Dow's 1st Qtr of 2017's 3.93%.
Looking forward to the 2nd Qtr. I hope to have good news to report. Till then, many happy returns.
Authored by Lee Carroll Wentker
All screen captures are taken from 'The "Divi-X" System Workbook'
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