Our portfolio updates for the week ending on January 24, 2025 are as follows.
Putting In Sell Orders
TRIN is over our 5% limit in the Vanning portfolio, so we have set a limit order to dump some shares to get back below that 5% threshold.
VALE has been shit for 3 months now, so we’ve entered a limit sell order in the retirement portfolio. This money can be used way better elsewhere. Unfortunately, we’ll exit with a 15% loss when the limit is hit, but it’s better to take a small hit than incur more losses in value or lost opportunities.
Sell Orders In The Queue
Just a reminder of what we have going on with limit orders in the portfolios.
We have partial profit-taking limit orders in for:
- MMM
- TRIN
- HTGC
We have full position sell orders in for:
- VALE (whoopsiedaisy)
- BTI
BTI’s profit margins took a huge steaming shit and I no longer think holding it in a retirement account is wise. But we’re up almost 50%, so it could be profit taking as well.
3M
Speaking of MMM, Q3 earnings were nice. A good beat, but more importantly, the 2025 outlook was increased substantially. Very nice. But that being said, our limit order was hit so we sold about half of our position in the retirement portfolio.
We took profits, to the tune of 81%, which is never a bad thing. We didn’t sell all of our shares, as I expect MMM to run some more. But just in case it doesn’t, we took some profits.
New Buy
With our new found money (thanks MMM), we’ve initiated a position in, dun dun dun, OZK!! In my opinion, OZK is one of the best bank stocks out there. Plus it’s very undervalued right now.
My estimation is that OZK is about 50% below fair value. Coupled with a 5 year dividend growth rate of almost 12%, a 10-year dividend growth rate of 13%, and a current yield of 3.4%, it’s a perfect retirement stock.
Oh, plus OZK has raised their divie for 26 consecutive years. There’s a lot to like on the divie front, but wait there’s more. Debt has been reduced 60% since Covid, earnings are amazing, net income has tripled since Covid, and margins are impeccable.
This is one great investment for your retirement account… just saying. The only bitch is that OZK went ex-dividend on 01/14, which means we won’t see any divies until April.
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