The Q2 2017 Update For the R.I.P. Portfolio
The Retire In Peace, or R.I.P., portfolio was first introduced in December of 2015, and it has outperformed the S&P 500 by approximately 3 percentage points since that point in time.
The Q2 2017 highlights for the portfolio were:
- The portfolio only returned 2.2% for the most recent quarter, which was below the performance of the S&P 500
- The top holding, General Electric ($GE), was a major drag to the portfolio's overall performance for the quarter. However, I believe that this industrial conglomerate is still a long-term buy.
- The financial holdings - Bank of America ($BAC), Citigroup ($C), and KeyCorp ($KEY) - were again the top performers of the portfolio.
- The projected annual dividend income for the portfolio is up 58% when compared to the prior year.
Read more about the portfolio and its performance at the following link: https://seekingalpha.com/article/4085948-r-p-portfolio-q2-2017-update