Dividends and Good Performers in market downturn
There are so many great opportunities right now that it is very tempting to sell off some shares of the winners in my portfolio to raise capital for new portfolio additions. I am aware that I will feel let down if those shares sold then rise as expected or if I do not act and the shares of the companies I wish to buy rise as expected.
Last Friday my real portfolio was at a higher dollar value than it had ever been before. And I remember looking at it thinking it will be a long time until it is at that level again. Recently I have done some trimming of companies in my portfolio that for some reason have both gotten beyond the portion of the portfolio that is desirable and have had some kind of feedback either on TMF or Mstar or other source that just makes me not as confident as I once was. After trimming a couple of positions and making room for new ones, I saw the shares I sold rise and the shares I bought decline. These are only short term market fluctuations so the decisions still give me long term comfort with the balance of my portfolio.
It feels odd, and rather lonely, when reading on TMF or other sites, the interpretations of other serious investors who sound convinced that this one really is different. It is possible to find good bargains in any market at any time. Anyway, when I am adding cash to my portfolio now I am thinking of buying more dividend payers so that I can have a greater source of cash available for new purchases without having to sell shares. But then again, dividend payers are not as likely to appreciate at the rate of my good growers like HANS, MIDD, and BWLD. My time horizon is exceptionally long. Any thoughts?