Wednesday, December 30, 2020

Trading Update Part 2

I slept on yesterday’s purchase decision and am reasonably comfortable with it.

Used the remaining cash in retirement account today to buy VPU @ 134.748. I’m now all in on the Vanguard Utilities ETF. Other than reinvesting dividends on autopilot, the only trading I intend to do in this account is withdrawing to meet minimum IRA distributions. That starts in about 14 years.

This also means that I’m officially an old geezer. Don’t expect any more fireworks in my retirement account, unless the entire United States power grid someday fails. Of course, in that instance cash would have hardly been a much better investment. I only half-joke. *cringe*

Still intend to use money outside my retirement account to buy more savings bonds. That part isn’t changing.

2 comments:

Anonymous said...

So you don't think renewables are gonna be a thing, I take it?

Stagflationary Mark said...

For what it is worth,14% of the fund is NextEra Energy.

I expect the fund to continue to adapt over the years to whatever becomes a thing.