MAIN - John's March 2024 Income Update: Reducing Bank Exposure

2024-05-13 09:00:00 ET

Summary

• John's income is forecasted to grow by 7.6% and 10.7% year-over-year in his Traditional and Roth IRAs, respectively.
• Learn why we eliminated Essex Property Trust from John and Jane's Portfolios but added Lamb Weston and Americold Realty.
• There were a total of eight companies that increased their dividend or paid out a special dividend during the month of March in John's Retirement Portfolios.
• We are looking to reduce our exposure to the banking industry with Truist and Columbia Banking System being the two most likely candidates to reduce exposure to over the next few months.

The purpose of this series is to review the real investment portfolios of my retirees John and Jane to gain perspective on how their portfolio is performing (month-to-month) while also discussing the process behind why we are making certain changes to their portfolio. I started this series to give readers an opportunity to better understand how John and Jane's portfolios are evolving over time and I include historical results that show where the portfolio has been while also incorporating a dive into investments we are looking to add/trim/eliminate from the portfolio. It is important to note that the investments of interest to add/trim/eliminate can apply to all three of the portfolios that fall under this series.

In this article we will be discussing why we eliminated our position in Essex Property Trust ( ESS ) and are interested in Lamb Weston ( LW ) and Americold Realty ( COLD ). We recently added LW and COLD to Jane's Retirement portfolio....

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