No relief once again in the markets. The two sectors that have kept my portfolio balance steady all year (Healthcare & Utilities) finally cracked as utility stocks lead the declines in the market for the week and bringing my portfolio down significantly. Here are my trades for the week:
- Schwab U.S. Dividend Equity ETF – increased position – Every week seems to yield a new 52 week low. Grabbed 7 shares @ $66.77 and a 3.7% yield.
- CTO Realty Growth (CTO) – increased position – Their properties escaped any major damage from Hurricane Ian. Grabbed 5 shares @ $18.40 and a 8.26% yield
- Allete Inc. (ALE) – increased position – Share price cratered on continued rate hike fears for this utility company. Grabbed 4 shares @ $51.27 and a 5.07% yield.
Nice to see the increases coming into your positions. These days many stocks are on sale and seemingly being discounted further with each passing week. DCA is the way.
Agree 100%, for long term investors the value is there to be had.