{"id":1226769,"date":"2025-12-24T10:32:50","date_gmt":"2025-12-24T10:32:50","guid":{"rendered":"https:\/\/wealthbizsuccess.com\/?p=1226769"},"modified":"2025-12-24T10:32:50","modified_gmt":"2025-12-24T10:32:50","slug":"challenges-encountered-by-mikes-portfolio-podcast","status":"publish","type":"post","link":"https:\/\/wealthbizsuccess.com\/?p=1226769","title":{"rendered":"Challenges Encountered by Mike&#8217;s Portfolio [Podcast]"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/wealthbizsuccess.com\/wp-content\/uploads\/2025\/12\/challenges-encountered-by-mikes-portfolio-podcast.jpg\" \/><br \/>\n<strong>A \u201cdifficult year\u201d? An ineffective strategy.<\/strong> Mike fell short of his blended benchmark in 2025, yet the dividend-growth approach stayed consistent. You&#8217;ll discover how following rules (dividend triangle + allocation discipline) outperforms reacting to momentary price shifts.<\/p>\n<p><strong>Distinguishing underperformers from feeble enterprises.<\/strong> Multiple holdings declined while revenue\/EPS\/dividend patterns remained robust. You&#8217;ll learn how Mike utilizes fundamentals and patience to retain\u2014or adjust\u2014without pursuing fads.<\/p>\n<p><strong>Rule-based divestments: Starbucks &#038; TELUS.<\/strong> SBUX displayed a 3-year deteriorating triangle and a nominal increase; TELUS halted its growth strategy\u2014both triggered preset sell criteria. You&#8217;ll grasp how having objective prompts removes uncertainty and second-guessing.<\/p>\n<p><strong>Position sizing that mitigates individual-name risk.<\/strong> Mike reduces positions above ~10% (hello, Apple) and reallocates into high-conviction stocks (e.g., Broadcom, Dollarama). You&#8217;ll learn how sizing guidelines safeguard compounding from concentration risks.<\/p>\n<p><strong>A standardized year-end assessment.<\/strong> Define your objectives, review US\/Canada allocation, assess sector distributions, properly size positions, and address weak links with a prepared buy list. You&#8217;ll understand why \u201cno price targets\u2014just process\u201d keeps decisions straightforward.<\/p>\n<p><strong>What\u2019s on the radar for 2026.<\/strong> Couche-Tard stays under evaluation after two improving quarters; otherwise, the portfolio appears robust. You&#8217;ll find out how Mike couples ongoing vigilance with planned contributions to sustain momentum compounding.<\/p>\n<h3>Portfolio Adjustments (2025)<\/h3>\n<ul>\n<li><strong>Sells:<\/strong> Starbucks (SBUX); TELUS (TU\/T).<\/li>\n<li><strong>Additions \/ Increases:<\/strong> Automatic Data Processing (ADP), LeMaitre Vascular (LMAT), Dollarama (DOL.TO \u2014 full position).<\/li>\n<li><strong>Trim (over 10% weight):<\/strong> Apple (AAPL).<\/li>\n<li><strong>New\/Expanded:<\/strong> Broadcom (AVGO).<\/li>\n<\/ul>\n<p>Find comprehensive details about Mike\u2019s transactions and complete the <a href=\"http:\/\/thedividendguyblog.com\/selling-starbucks-dividend-income-report\" target=\"_blank\" rel=\"noopener\">Dividend Income Report in this article<\/a>.<\/p>\n<h3>Top Performers &#038; Underperformers (Overview)<\/h3>\n<ul>\n<li><strong>Contributors in 2025:<\/strong> National Bank (NA.TO), Royal Bank (RY.TO), Brookfield (BAM family), Toromont (TIH.TO), Brookfield Renewable (BEP\/BEPC), Dollarama (DOL.TO).<\/li>\n<li><strong>Weak in price, not in performance:<\/strong> ADP, LeMaitre Vascular (LMAT), Home Depot (HD), Waste Connections (WCN), Alimentation Couche-Tard (ATD.TO).<\/li>\n<\/ul>\n<h3>Mike\u2019s Year-End Assessment Process (Follow This)<\/h3>\n<ol>\n<li><strong>Establish the mandate:<\/strong> Only dividend growers; fully invested; ~50% CA \/ ~50% US; long-term outlook.<\/li>\n<li><strong>Allocation evaluations:<\/strong> Rebalance US\/CA when nearing 60\/40; keep sectors <20\u201330% unless diversified by industry; target ~3% core positions, reduce >10% weights.<\/li>\n<li><strong>Identify weak links:<\/strong> Stagnant\/declining dividend triangle, minimal increases, or changes in thesis.<\/li>\n<li><strong>Implement with a buy list:<\/strong> Avoid waiting for \u201cideal prices.\u201d When a rule activates, shift capital into higher-conviction names that have already been assessed.<\/li>\n<\/ol>\n<h2 id=\"unique-identifier\"><span>Related Content<\/span><\/h2>\n<p>Here\u2019s the latest video regarding my new portfolio, alongside a complete analysis of my recent purchase.<\/p>\n<p>Last month, I detailed my full year-end review process and my pension plan portfolio.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"zo4xkXGln4\">\n<p><a href=\"https:\/\/thedividendguyblog.com\/get-ready-for-the-year-end-review-october-dividend-income-report\/\">Prepare for the Year-End Review \u2013 October Dividend Income Report<\/a><\/p>\n<\/blockquote>\n<p><a class=\"button\" href=\"https:\/\/thedividendguyblog.com\/subscribe-to-the-dividend-guy-blog-podcast\/\">Subscribe<\/a><\/p>\n<hr>\n<p><strong>The Best Dividends to Your Inbox!<\/strong><\/p>\n<p>Download our Dividend Rock Star List now and ensure you don\u2019t miss out on the great opportunities! Receive our Portfolio Workbook<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A \u201cdifficult year\u201d? An ineffective strategy. Mike fell short of his blended benchmark in 2025, yet the dividend-growth approach stayed consistent. You&#8217;ll discover how following rules (dividend triangle + allocation&hellip;<a href=\"https:\/\/wealthbizsuccess.com\/?p=1226769\" class=\"more-link\"><span class=\"more-button\">Continue reading<span class=\"screen-reader-text\">Challenges Encountered by Mike&#8217;s Portfolio [Podcast]<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1226770,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1226769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/posts\/1226769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1226769"}],"version-history":[{"count":0,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/posts\/1226769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=\/wp\/v2\/media\/1226770"}],"wp:attachment":[{"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1226769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1226769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wealthbizsuccess.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1226769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}