The last few days have been a chaotic mess in the stock market so we decided right now is a good time to review some of the stocks we’ve nibbled on and which ones we will continue to accumulate as the market corrects.
First, let’s review some of our criteria and expectations:
- We expect high(er) inflation, especially wage inflation, over the next 10 years.
- We expect lower productivity across the United States over the next 10 years.
- We expect most people will focus on key essentials first then everything else second over the next 10 years.
With that we’ve described the types of stocks that we like:
- Energy companies (for a growing population)
- Health related (and Insurance) companies (for an aging population)
- Technology companies (for modernizing)
- Housing (REITs) & Basic consumer goods companies (to keep people sheltered, fed, and connected)
And this is some of our criteria:
- Reasonable P/E
- Regular Dividend Payment
- Diversified customer base (preferably global)
- Diversified products/services (preferably globally or multi-nation or multi-state)
- Track record (stability)
So what are the tickers in our portfolio now?
BHP, BMY, GILD, ILPT, MPW, SWK, SWM, WBA, XOM, VZ
These mix of stocks fix our criteria, pay dividends, have somewhat reasonable valuations and most have a global customer base. There are other companies we plan on acquiring and we’ll post those as soon as we take up positions. We did sell off some other stocks in our portfolio including ABBV simply because it appreciated so much that we opted to take some profits and better deploy that capital.
As always, do your own due diligence and build a portfolio that works for you. Stay tuned and stay solvent…