CIEIS down for the count
Last August, I proposed the hypothetical Curious Investments Equity Income Strategy with five dividend stocks - Abbott Labs, Bank of America, Masco, Autoliv, and Vector Group. Some tweaks were made along the way, but basically it was an equal weighted portfolio of stocks that I felt were broadly diversified across industries and across different technical paths - some were trading in tight ranges, some looked to be bottoming, and some looked to be ascending with momentum. The goal of this portfolio was to not necessarily capital appreciation, but capital preservation that could generate significant income. The dividend yields have remained significant, unfortunately, the portfolio itself is down almost 30% this year mostly due to the fact that three of the targeted industries were financials, autos, and home builders. (yea… the triple whammy of poor foresight.)
At this point, I no longer have the time to keep up with the strategy and, thus, I am suspending further commentary on the portfolio. This isn’t a Jim Cramer-esque cop out. I admit that I may have been hasty in my picks and that they were not terrifically well researched. Subconsciously, I probably knew better as I never did drink my own kool-aid and invest real money in that hypothetical portfolio. Here’s to better thought out strategies in the future.
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