November 2019 Portfolio Summary

In terms of equity pricing movements, November was a good month. The SP500 is pushing the new high barrier, and is well over 3000 now. Despite all the chatter about the trade war hurting the USA, the USA economic indicators shows a robust strong economy, and there are some "signs" that a trade talk with China is progressing better, leading to some more market optimism. I am in the view that the longer the trade war goes, the more it impacts negatively China and the longer this goes the more China will be pressed to sign an agreement, and the longer it goes the less favorable the agreement will be for China. As economic and export indicators show, the USA will suffer but not at the scale of China as many factories which US corporations setup in China will flee to other neighboring Asian countries that do not have these trade problems, such as Vietnam, Malaysia, Taiwan, South Korea, etc. There is actually an ongoing economic boom in many of these China neighboring Asian countries as new factories get setup and people are competing for manpower and resources to meet the new demand.

Putting trade talks aside as this is an investing blog not a political blog, the market treasury yields are all very low, the 10 year is at a measly 1.78%. This impacts equity prices, as lower interest rates means stock prices go up (and stock yields go down). In this environment, it is good if you held existing stock positions, but if you are constantly looking to buy more positions it is a bad time as everything has a very low payout yield due to inflated prices.

Right now, my portfolio is very close to crossing $800K. On the day after Thanksgiving, I ended at $792K and dividend income is $20,037 a year. 2019 was a very good year in terms of stock price performance. Currently we are sitting at a 27.5% YTD gain for the S&P500, which is a main cause for my portfolio gains in the 2019 year. In terms of performance, the last gain this large was in 2013 with a massive 29.6% annual gain. We did start 2019 on a very low note, so these gains may not be completely unreasonable especially since interest rates are this low.

The portfolio details are listed below. A lot of positions climbed back over $30K in November. Visa leads the group. Tobacco has been showing a strong come back as well.

Name	Ticker	Sector	Value	Weight	Divies	Yield	SP Fin	VL Fin	VL Safety
Visa Inc	V	Financial	$44,047.92	5.56%	$286.48	0.6504%	A+	A++	1
Johnson & Johnson	JNJ	Health	$36,734.30	4.64%	$1,015.28	2.7638%	AAA	A++	1
Altria Group Inc	MO	Staples	$35,658.84	4.50%	$2,410.74	6.7606%	BBB	B++	2
Philip Morris International Inc	PM	Staples	$33,955.61	4.29%	$1,916.22	5.6433%	A	B++	2
NextEra Energy Inc	NEE	Utilities	$33,860.39	4.27%	$724.07	2.1384%	A-	A+	2
Home Depot Inc	HD	Discret	$31,860.87	4.02%	$786.01	2.4670%	A	A++	1
PepsiCo	PEP	Staples	$30,182.27	3.81%	$848.83	2.8123%	A	A++	1
Mastercard Inc	MA	Financial	$27,661.88	3.49%	$124.95	0.4517%	A	A++	1
Clorox Co	CLX	Staples	$26,691.72	3.37%	$763.50	2.8604%	A-	B++	2
Becton Dickinson and Co	BDX	Health	$26,184.50	3.31%	$320.09	1.2224%	BBB	A++	1
Ross Stores Inc	ROST	Discret	$24,947.99	3.15%	$219.09	0.8782%	A-	A	2
Realty Income Corp	O	REIT	$24,731.99	3.12%	$879.16	3.5547%	A-	A	2
Air Products & Chemicals, Inc	APD	Materials	$24,284.54	3.07%	$476.79	1.9634%	A	A+	1
Automatic Data Proc, Inc	ADP	Tech	$23,627.72	2.98%	$437.19	1.8503%	AA	A++	1
McCormick & Company	MKC	Staples	$21,748.20	2.75%	$292.97	1.3471%	BBB	A+	1
AT&T Inc	T	Telecom	$21,618.99	2.73%	$1,179.85	5.4575%	BBB	A++	1
Xcel Energy Inc	XEL	Utilities	$21,181.34	2.67%	$558.04	2.6346%	A-	A+	1
Procter & Gamble Co	PG	Staples	$20,751.09	2.62%	$507.30	2.4447%	AA-	A++	1
Kimberly-Clark	KMB	Staples	$20,453.93	2.58%	$618.09	3.0219%	A	A++	1
WEC Energy Group, Inc.	WEC	Utilities	$19,999.73	2.52%	$532.42	2.6622%	A-	A+	1
Illinois Tool Works Inc.	ITW	Industrial	$19,584.77	2.47%	$480.83	2.4551%	A+	A++	1
3M Co	MMM	Industrial	$18,111.86	2.29%	$614.50	3.3928%	AA-	A++	1
The Coca-Cola Co	KO	Staples	$17,659.27	2.23%	$529.12	2.9963%	AA-	A++	1
Stryker Corporation	SYK	Health	$16,378.29	2.07%	$166.29	1.0153%	A	A++	1
Microsoft Corporation	MSFT	Tech	$14,873.77	1.88%	$200.44	1.3476%	AAA	A++	1
Starbucks Corporation	SBUX	Discret	$13,725.08	1.73%	$231.35	1.6856%	A	A++	1
Church & Dwight	CHD	Staples	$13,708.66	1.73%	$177.99	1.2984%	BBB+	A+	1
Colgate-Palmolive Co	CL	Staples	$13,687.15	1.73%	$347.12	2.5361%	AA-	A+	1
Dominion Energy, Inc.	D	Utilities	$13,493.12	1.70%	$596.16	4.4182%	BBB+	B++	2
TJX Companies Inc	TJX	Discret	$13,149.17	1.66%	$197.89	1.5050%	A+	A++	1
General Mills, Inc.	GIS	Staples	$12,270.46	1.55%	$451.05	3.6759%	BBB	A	1
Abbott Laboratories	ABT	Health	$10,800.82	1.36%	$161.79	1.4980%	BBB	A++	1
General Dynamics Corporation	GD	Industrial	$10,063.29	1.27%	$225.92	2.2450%	A+	A++	1
McDonald's Corporation	MCD	Discret	$9,371.64	1.18%	$240.94	2.5710%	BBB+	A++	1
Honeywell International Inc.	HON	Industrial	$8,588.45	1.08%	$173.16	2.0162%	A	A++	1
Medtronic plc	MDT	Health	$8,364.78	1.06%	$162.20	1.9391%	A	A++	1
Boeing Co	BA	Industrial	$8,148.57	1.03%	$182.92	2.2448%	A	A++	1
Misc	Type	………..	Partial Totals	Weight	Yr Dividends	Avg Yield	…..832	…..9	…..82
Equity	Stocks		$772,162.96	97.48%	$20,036.74	2.5949%
Investable	US Dollars		$12,663.52	1.60%
Miscellaneous	Assets		$7,278.50	0.92%
.	..	…	Equity + Misc	Weight	…..2	…..	…..222	…22	…..223
Total			$792,104.99	100.00%

I'll keep this month's review short and let the pictures speak for themselves.

Next month, I will write a longer year end report to summarize how the portfolio did relative to past years and how what areas of my investing is working or not working.

-YD