Does anyone else feel like they've accidentally become a yield pig?

[thepupil]

So total return is what matters in investing. At the end of the day, the total realized proceeds of an investment relative to dollars put out should be everyone's north star. it shouldn't matter whther that comes from divvies or capital appreciation and divvies are not tax efficient so US taxable folks shoould prefer the old "buy / borrow / die" without divvies. 

 

with that said, over time the yield on my portfolio has increased from something like 2% to 4% before special dividends and higher with specials.

 

I think that's a combination of a number of things  such as

 

a) cash/bonds now yield something

b) selling non yielding securities (such as berkshire) to buy various yielding securities

c) 3 of my top 10 have declared big specials in the last few months. 

 

I feel like companies have gotten comfortable with new rate environment  and ones with b/s are sharing their cash...I kind of hate it all from a tax inefficiency standpoint, but I also love it. 

 

this has no point other than to just bounce off others...anyone else feeling awash in dividends...I'm trying to put all the divvy payers in the IRA's, but I've run out of them and practically everything i own is sending me cash....

[Gregmal]

Totally. As a staunch neverbonder I’ve been surprised how my go to accumulation during any sort of uncertainty/lack of super idea for stocks is often just buy some duration.  I guess too my thinking is I can always just convert it. But yea, lotta that and a lotta 2-5% yielding stocks that are just kinda doing the same thing, which seems to be what you’re describing. 

[LC]

4% is piggish? Seems like a reasonable dividend yield for normal growth company….10% total return- 60/40 reinvestment split. 

[Red Lion]

I’ve actually gone the opposite direction with a lot of capital moved towards FFH/JOE/APO/GOOGL/AMZN/CP mostly after the sell off this year. 

Edited March 24, 2025 by Red Lion

[james22]

When risks are obvious, they are often well-rewarded; even when risks are hard to see, they are still there; radical political change is hard to predict.

 

https://archive.ph/cl0ai

[brobro777]

11 hours ago, thepupil said:

So total return is what matters in investing. At the end of the day, the total realized proceeds of an investment relative to dollars put out should be everyone's north star.

 

No bro, what matters is making the correct bets and then rubbing your winnings in the faces of those who said you were wrong, laffing in their faces

 

haha

 

[Red Lion]

5 hours ago, brobro777 said:

 

No bro, what matters is making the correct bets and then rubbing your winnings in the faces of those who said you were wrong, laffing in their faces

 

haha

 

Too true.