I've taken a position in DPS (Dr. Pepper, Snapple), but am really waiting for a significant drop in the stock market, to pick up more DPS or of other stocks I hold or CLX (Clorox). Many stocks have exploded to unreasonable PE's. Also, I see the economy as close to a pivot point - either continuing its recovery, even improving it or, because of the bevvy of obstructionists in Congress, possible return to recession. The really big test will be the 2014 elections to see which way the voters want to take the economy. But, since market timing is unpredictable, I'll just wait and stick with my approach, collecting ever increasing dividends and wait for opportunities to present themselves. Stocks I hold in order from largest holding to lowest:
INTC (Intel)
PEP (Pepsi)
WAG (Walgreen)
PG (Procter & Gamble)
GPC (Genuine Parts)
KO (Coca Cola)
MMM (3M)
HAS (Hasbro)
ADP (Automatic Data Processing)
T (AT&T)
KMB (Kimberly Clark)
SYY (Sysco)
DPS (Dr. Pepper, Snapple)
Stocks now make up about 20% of my portfolio. with my goal of about
25% as new cash and dividends come in. Other assets are CDs, a home
mortgage and about 2% precious metals.
