Feeling a bit frustrated with your spending each month? Perhaps changing your mindset and approaching your house hold spending as an investment opportunity could be just the silver lining to cheer you up.
When was the last time you saw your cable provider lower their price instead of increasing it? Also, per the U.S. Department of Agriculture, over the last 10 year’s food cost has risen 30% for a family of four with children under 5 years of age. While the cost of living continues to increase each year so does the earnings and dividends of some of the companies which you buy your products and services from.
The NAMCO Monthly Needs Portfolio is designed to take advantage of this type spending. Of the 22 current stocks in the portfolio on average they have raised their dividend 7.07% in 2016. This is 5.57% higher than the inflation gauge of 1.5% (Consumer Price Index for All Urban Consumers 12 months Sept. 2015 to Sept. 2016). As of October 31st, 2016, the dividend yield for the portfolio is 0.51% above the same inflation index, and that is with 21.57% currently in cash.
So, as you know, even in good times or bad folks will eat, drink, drive, cut your lights on, take a bath, and carry your garbage out.
For more information and performance on this portfolio go to:
Walter M Hester Sr. Portfolio Manager