Our portfolio updates for the week ending on November 29, 2024 are as follows.
Readying Cash For A New Investment
Sold Our BulletShares And Turned DRIP Off
We sold all of our BulletShares plus took most of our October dividends in cash to give us a good chunk of money to deploy into a new fund, because I wanted a high yielding AI play.
And what might that be?
Bought AIPI
AIPI is like FEPI, which has been an awesome income generator. Both of these funds hold stocks and write calls on their holdings. The premiums from the calls are used to pay big dividends.
The difference between them is their focus. FEPI holds technology stocks such as AAPL, MU and AMZN (among others), whereas AIPI holds AI stocks.
I love funds that give you dividends on companies you otherwise wouldn’t from owning them outright. So these funds are similar to YieldMax ETFs, but they actually hold the stocks they write call options on.
>> How We Use YieldMax ETFs To Generate Some Serious Income <<
From a risk perspective, I believe that FEPI and AIPI’s structure is far superior to YieldMax’s options on synthetic holdings.
To synthetically hold a stock, you buy an option on a stock and write an option on the same stock.
YieldMax ETFs do not hold the stock, but have exposure to it
Now there are people who love this strategy, as it does mitigate risk sometimes; but I’d rather find sectors (like AI) that you know are going to kick ass, and then, find funds holding these stocks who give you juicy payouts.
These types of funds have limited upside but high dividend payouts, which fits our income strategy perfectly. But because AI is going to keep going up and up, we’re invested in both growth AI stocks and these options funds for income.
>> Which AI Growth Stocks Did We Invest In <<
In The Retirement Portfolio
Sold PFE
We entered a limit order to sell all of our shares of PFE.
PFE has not invested into AI as much as other pharma companies, so I think it will suffer for that. We have enough exposure to pharma by holding BMY and OGN, so PFE is getting cut.
Sold EQNR
We also issued a limit order to sell all of our shares of EQNR. The portfolio has plenty of exposure to energy stocks without EQNR.
CIVI and EPD are American, but EQNR is not. So using the Trump Trade thesis that American companies will perform better than international energy companies, we decided to exit EQNR.
In The Van Life Portfolio
Sold PDI
We entered a sell limit order for all of our PDI shares. Our bond funds have done awesome, so we are getting out while the getting is good.
When PDI sells, the proceeds are going into AIPI to make AIPI and FEPI equal holdings.
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