REFOCUS YOUR PORTFOLIO

I Recently dropped a few stocks in my portfolio:

ETP, VTR, HCN ( High yields names) in favor of

mastercard logovisa logo

Why:

  1. high yield REITS & UTILITIES will continue to suffer in a raising interest rate environment. (even those with good balance sheets and good moats)

2)  there is no hope for much capital appreciation at current valuation levels

what is the bet then ?

Having a 20 years horizon + I am betting that Visa & MasterCard will still be around with large economic moats to move money around. And the cherry on the Sunday…… they don’t take RISK THEY JUST EXECUTE TRANSACTIONS!!!

T

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