Author: Mike Nadel, Dividends And Income

The underlying company is clearly at the top of its game– performing fantastically both during the long bull run that followed the Great Recession and during the COVID-19 crisis.

For the first 26 months that I managed DTA’s Income Builder Portfolio, I executed exactly one stock sale. In the last two months, I have liquidated three positions. That led a reader to ask the following question: “Have the Daily Trade Alert owners spoken to you about the sells in the account? Just wondering if they were concerned that this is a change from the basic ‘Buy & Hold’ that was practiced until the past week or so.” Here’s how I responded, and what’s going on with all the activity in the IBP…

Here’s why…

The CEO’s commitment to the dividend was a big factor in my selection.

I’m confident it will be a reliable income-producer for years to come.