Monday, January 25, 2016

Added Philip Morris

I decided to add more Philip Morris to the portfolio. I want the added dividend protection during this time. Despite the company being largely affected by a strong USD, I'm willing to sacrifice some of that for the dividend during an uncertain time. I still want to add to MO and RAI, and eventually I will. I think PM will eventually get a grip on its currency issues a bit more, but that will take time. With the yield around 4.7% as of today I think it provides enough income and defensive protection to warrant an add.

No comments :

Post a Comment