I understand my categories of industry don’t match S&P 500’s, but I disclose the industry allocation of my US stock portfolio below.
As you can see, my portfolio depends on three non-growing industries including energy, tobacco and telecom(38%). I know this is going to be problematic in the future. I think I should add more defensive industry stocks going forward. My note for the reader is the industry called “Yield”. This label is used to describe my high yield plays including HYG, PCEF,PSEC and CVY. If I were a really dividend growth investor, I shouldn’t have touched those stocks.