Mr Smith redefines forever

[HohumYNWA]

Back in Jan 2024, I posted on Mr Smith and his 10-holdings port that could provide dividends forever–

Mr Smith & dividends forever

Happy New Year ! Per the start of each New Year, there is something enjoyable to starting the clock and trying something fresh. With that in mind, Mr Samuel Smith has a 10-holding portfolio that he claims can provide you dividends for life Although Mr Smith claims the basket is diversified, my own view is that heavily skewed toward specialty finance (REITs, preferred, covered call strategy). What could possibly go wrong?? I should note that I own one of the basket suggestions, Atlantica S…

Update:
Less than halfway thru the first year, Mr Smith has already sold one of the holdings he suggested could provide dividends forever.

Sell Alert: Why I Recently Dumped 8%-Yielding Energy Transfer (NYSE:ET)

ET was only a 5% stake in the 600K portfolio. ET is up about 12% YTD. The gains exceed the annual income expectations for ET. That’s nice for year 1. But what about (forever - 1)? Oh yeah, there’s $30K - $31K to deploy for that.

I guess, from Mr Smith “do as I say, and not as I do”

Obviously, another unmentioned factor or influence is found at the bottom of the article - selling subscriptions to High Yield Investing.

[BruceBrown]

“Obviously, another unmentioned factor or influence is found at the bottom of the article - selling subscriptions to High Yield Investing.”

The croupier always gets his cut, and in this case it is the subscription money. Not that it really matters, but it would be interesting to see how long the rest of his forever portfolio lasts.

[HohumYNWA]

There has been another event that affects the port. I will post in a separate thread.

[Edit: There has another event that will potentially affect the port within the next 6 - 9 months]

[Goofyhoofy]

Hey Bruce! Two posts in six months. Don’t strain yourself or anything.

(Ha! Nice to see you again.)

[BruceBrown]

I’ll be careful to avoid too much strain.