WTI -- Investing -- Operator, Please Connect Me To 1982 -- July 10, 2023

Locator: 45058INV.

WTI:

• oil is down a bit this morning.
• but shares in oil companies are moving up across the board
• DVN: paying 9.15%

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For The Archives
For My Executor

Executor

• as per my will, present to December 31, 2033
• January 1, 2034 -> Sophia

Investing: again, for newbies, my investing --

• rolling 30-year horizon; no trading 
• review plan annually; tweak as often as monthly (percent in each bucket)
• Peter Lynch principle: will pare holdings to twenty stocks (this "rule" added in 2023 in major review of plan)
  
• focus on dividends
• never sell unless a very, very good reason
• sales are done not as trades per se but when I realize a mistake was made, or for other reasons as stated below
  
• do not hold cash; park all cash in high-dividend blue chip stocks
  
• generally T, but also VZ
  
• SCHD
  
• invest all new money twice a month
• second week of each month
• fourth week of each month
• select from a finite group of stocks in various buckets
• big cap, dividend paying: 40%
• big cap, non-dividend paying: 5%
• by exception, generally BRK; AAPL (the dividend is so low, it's in my non-dividend bucket): 10%
• tech: 20%; 
• the big seven, plus copper
  
• Daimler: 5%
• energy (oil): 0%
• no bonds: SRE, utilities, pipelines, major oils, BRK --- take place of bonds in my portfolio
  
• in flux: 20% -- after dropping oil from any new money, I honestly am at a loss in what new sector / bucket to move into 
• Big Pharma? 
• any new oil purchases: by exception only
• consolidating all oil holdings into three companies
• most recent purchases (past two weeks), in no particular order:
• WBA, DTRUY, DE, NVDA, TSM, UNP, MSFT, SWKS, DVN, QCOM
• no sales in past several years, with two exceptions: 
• "parked cash" in T and/or VZ, which I hardly consider sales; and
• sold TTE, Hess and moving that cash into DVN -- obviously these are trades but done simply to consolidate "oil" holdings; nothing changed in the big picture.

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.

So, let's see if I can get to twenty:

• BRK (1)
• AAPL (1)
• oil: three majors, one Bakken, one mover (5)
• tech, with copper (9)
• utilities, pipelines (5)

21.

That's a goal.

I'm nowhere near that (21), having "collected" holdings since 1984 -- 39 years of investing? Wow. 

Never look back, except to learn from mistakes.

Nothing in stone.

Rules are made to be broken.

Read, read, read.

Never remove my investing filter.

Real estate: interestingly, I think there's a way to invest in property even for folks like me. Might discuss later.

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From Barron's Yesterday

 

This is an interesting thought: could Warren Buffett swoop in and "steal" MMP out from under OKE? Could be a win-win-win:

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1982

Hindsight is 20/20. But I'm nearly going blind.

"Operator, connect me ..."  LOL.

Link here.