CION - Three BDCs And 3 REITs In My Income Compounder Portfolio
2024-05-13 10:47:10 ET
Summary
- In this article I discuss my Income Compounder portfolio strategy, which focuses on generating a steady stream of passive income for retirement.
- The article reviews three REITs (AGNC, IVR, EFC) and three BDCs (FSK, TRIN, CION) that I hold in my Schwab IRA.
- I provide insights on the performance, dividends, and future prospects of each investment.
In my recent and most popular article to date on Seeking Alpha, I reviewed the top 10 holdings in my Fidelity IRA Income Compounder portfolio that delivers income on a mostly monthly basis that amounts to an average annual yield of about 15% at today’s prices. That piece generated a lot of comments, many that were positive and appreciative and some that were challenging my recommendations. It occurred to me that I probably should have prefaced my article with a bit of explanation regarding my Income Compounder method, the rationale behind it, and my personal beliefs with regards to choosing income investments versus growth-oriented holdings.
As a recent retiree, my goal for my investments is to generate a steady stream of passive income that will help to replace my paycheck that I am no longer receiving. I am no longer in accumulation mode and am not trying to grow my overall portfolio value. My sole focus is on current and future income to support me for the next 30 years, or however much longer I have left to live. I am no longer trying to save to buy a house or put my kids through college – already been there, done that. I have now reached the “decumulation” phase of my investing path. I want to spend what I have stashed away for my retirement after a 42-year career working my butt off. But I also want those savings to last, and there is a fine line between spending and maintaining enough capital to support future spending....
Three BDCs And 3 REITs In My Income Compounder Portfolio