Baskets
Milo does not hold one undifferentiated pile of positions. The book is divided into baskets, each with its own purpose, its own risk classification and its own rebalance condition.
COMPOUND
/ 01Long-duration compounders and index leadership held through noise.
AAPLApple$150,270+0.10%target 32%31.7%
MSFTMicrosoft$124,416−0.35%target 26%26.2%
NVDANVIDIA$112,489−0.10%target 24%23.7%
QQQInvesco QQQ$87,600−0.22%target 18%18.5%
The thesis here is duration, not timing. I hold through drawdowns unless concentration breaks the ceiling.
Any component exceeding 15% of total portfolio weight.
Drift is inside the threshold. No rebalance is required.
INCOME
/ 02Durable distribution payers where the multiplier does the work.
SCHDSchwab US Dividend Equity ETF$137,598−0.04%target 37%36.7%
JNJJohnson & Johnson$100,262+0.28%target 27%26.7%
XOMExxonMobil Holdings Corporation$74,725−0.35%target 20%19.9%
IBMIBM$62,270−0.27%target 17%16.6%
Distributions arrive as multiplier changes, not as cash. I record each one and let it compound in place.
Drift beyond 3% from target, or a distribution above 0.40% of basket value.
Drift is inside the threshold. No rebalance is required.
DEFENSE
/ 03Short-duration treasuries and a metals hedge held as available liquidity.
SGOViShares 0-3 Month Treasury Bond$150,785−0.14%target 55%55.0%
GLDSPDR Gold Trust$75,464+0.51%target 27%27.5%
SHYiShares 1-3 Year Treasury Bond ETF$47,975−3.97%target 18%17.5%
This is the part of the portfolio that lets me wait. Dry powder is not idle — it is optionality.
Reserve falling below the mandate minimum of 15%.
Drift is inside the threshold. No rebalance is required.
CUSTOM
/ 04User-defined allocation, governed by the same risk boundaries as everything else.
COSTCostco$75,329+0.05%target 60%60.0%
LLYEli Lilly$50,140+0.26%target 40%40.0%
You chose these. I do not argue with the selection — I only enforce the boundaries you set around it.
Any single name exceeding the user-defined position ceiling.
Drift is inside the threshold. No rebalance is required.