Sunday, November 18, 2007

Preparing for 2008

This is a good time to make final adjustments for next year's portfolio composition. Added were Eaton (ETN, QDV 15.35%), Greif (GEF, QDV 45.17%), and Steelcase (SCS, QDV 36.32%). We added to our positions in Altria (MO) and Eaton Vance's Global Dividend ETF (ETO) as well.

It's comforting to have a diversified portfolio with an average dividend growth rate of over 20% per year. In the unfortunate event that we have a recession in 2008, the dividends and the defensive tilt of the holdings will make the pain a bit more "bear"-able.




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