Conservative · Stocks to Consider and Updates

Allocation Update – Conservative Portfolio

In view of today’s changes to the conservative account with the transfer of CVS Health to the income portfolio, I am making the following allocation modifications pending a replacement for CVS. Until then, I am allocating 9% of the account in cash. Other changes include a reduction in Danaher from 10% to 8%, as the price of the health care technology company has moved considerably higher of late and further increases may be more difficult at current levels. I am also reducing Deere & Co. to 9% of the pie from 11% as, here too, the price has moved to a point where future gains will remain more restrained in the near-term. Oracle, however, has moved to a higher allocation by 2 percentage points as its cloud business has been growing nicely and the company should continue to make better quarter-to-quarter earnings comparisons through the rest of the year. And finally, the picture for some of the foreign markets look to be brightening a bit, so I am inching up the WisdomTree International Equity exchange traded fund a notch to 10%. All other candidates on the list remain unchanged including a 5% allocation in the iShares Gold Trust ETF.

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