Reconstruction

With all the market volatility and it's crazy ups and downs, I've decided to retire my sea legs and rest on some stable ground. No, I'm not selling everything and buying CDs, but what I will be doing is restructuring my portfolio to about (5) core stocks. Currently in mind is stocks that I already own (GE, GOOG, ABT), and one new (to me at least) behemoth. This stock is Exxon Mobil (NYSE: XOM) which I don't really need to delve into since it's beast and everyone knows it.

As you can see I have strong performers in favorable growth industries, Abbott Laboratories (Medical/Pharma), Google (Technology), Exxon (Energy), General Electric (Conglomerate aka EVERYTHING). I haven't decided on my 5th category though, it's a tie between non-cyclical and a Financial, but I haven't put in the work to decide which has the most potential. Bank of New York Melon (NYSE: BK) and US Bancorp (NYSE: USB) are strong contenders, but I also really love Coca Cola (NYSE: KO). It's my daily addiction so why not invest in it right?!?

Over the next 6 months I'll be slowly selling my current positions and cutting them over to my core 5, buying on dips and in thirds (although may be 4ths and 5ths now).