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Hi GDett2,

Thank you very much for your response and to my post. I appreciate the thoughtful input. I went ahead and read your Fool profile and saw that you got your start in real estate investing. We share that commonality as I had a background in single family homes long before I ever started a stock portfolio. Being a landlord, especially one that does his own repairs, renovations and tenant management gives a person some invaluable insight into the real costs of business and when considering stock investments, this is paramount in my opinion.

Im trying to understand the percentages of your portfolio with respect to the following:

"When we retired in 2005, our dividend core was 65% of our portfolio and our interest bearing (4.5% APR) annuities were 14%. They produced about 90% of our cash needs.
Currently, they are 13.71% and 4.20% respectively and currently produce 193% of our needed cash.
While they have grown in value and in their output, they are a smaller portion of our portfolio simply because the growth portion has vastly out performed those 2 pieces.
Since retiring, our net of deposits and withdrawals is almost 2X what our portfolio was worth on the day we stopped working. Think about that. If our portfolio was $1,000 in 2005 we have removed almost $2,000 from it and we currently have 6.8X what we retired with in our portfolio."

So your portfolio in 2005 started with dividends and annuities consisting of 79% combined of your total portfolio and produced 90% of your cash needs. 15-16 years later they make up roughly 18% combined of your total portfolio but they produce 193% of your cash needs. Are your cash needs significantly less now than they were in 2005? Because that is essentially 114% increase in dividend growth over a 15 year time span. Thats some pretty spectacular dividend growth over that period of time. Or am I misunderstanding?

I can understand that Growth positions have vastly outperformed Dividend positions in your portfolio because they have done so mostly across the board with a few exceptions here and there.

Essentially what I am trying to weigh out is if I want follow through with my biggest Growth position because it started as a (somewhat irresponsible speculation) but I believe in it. I bought $12,000 worth of Jumia Technologies stock with an average price of about $10.00/share in 2019. I think it will be a $100+ Billion market cap one day within the next 15 years. Im also no stranger to volatility and I have a pretty healthy stomach for it. BUT, I am also not blind to the potential that even holding my position through thick and thin, I don't imagine it becoming more than a $1,000,000 position in that time frame. With the dividend stocks I own, I want to see at what price point would it be more beneficial to sell the majority of my JMIA position and re-allocate amongst my highest conviction dividend payers to get an overall higher or at least comparable return over that same period (15-17 years). Right now, I have loosely figured that at around $100-$150/share it is the tipping point where it would make sense to sell, pay my cap gains taxes and reinvest in my desired core holdings. It kills me to travel that thought path because I want to hold my winners and let them win but I am also a prudent person. What are your thoughts? BTW, my JMIA position has grown to be over 40% of my stock portfolio but that is not my net worth, only my stocks. I have no problem with a position this high. I would let it grow to 90% with high conviction but ultimately I'm after the highest return possible.

Again, I greatly appreciate you taking the time to explain your path to success. Congratulations to you and your wife.
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