Tim Robberts By request, I put together a U.S. stock portfolio in mid 2023.
Our own personal stock portfolio from 2015 has beat the market by about 1.5% annual. But given the excessive valuations of many of our holdings I would not pick many of them to build a portfolio, in 2023, or today.
I was looking for growth at a reasonable price. By design the portfolio includes none of the Magnificent 7. The portfolio goal was very solid gains while avoiding excessive valuation.
That the 12 conviction picks could greatly beat the market (by 9%) is a welcome surprise. From mid 2023 - Building the U.S.
stock portfolio in 2023. In that post you'll find the larger list of stocks for 2023, plus the double-asterisked conviction picks. I was looking for growth at a reasonable price, often called a GARP approach .
.. When building the dividend growth portfolio in 2023 I looked to Schwab's ( SCHD ) that includes dividend growth and financial screens.
I also looked to Vanguard's ( VYM ) that offers greater value and a nice sector arrangement. I also considered my current holdings. And yes, I considered VIG holdings.
Here's the update post from February 2024 - 12 Conviction picks beating the S&P 500 without help from the Magnificient 7 Here was the total return tally. The conviction picks: Wells Fargo ( WFC ), Berkshire Hathaway ( BRK.B ), HSBC Holdings ( HSBC ), Lowe's ( LOW ), Kroger ( KR ), Amgen ( AMGN ), Comcast ( CMCSA ), Dicks Sporting Goods ( DKS ), Chubb Limited ( CB ), TDK Corp ( OTCPK:.
