5%+ Dividend Yield Portfolio - Positioning For Volatility (A May 2016 Review)

Review and Outlook
After returning from my honeymoon, I moved to San Diego (long a dream of mine) and lucked into a new gig (so now have 2 CFO jobs; however, we are in an M&A process to exit from my old company). High class problems for sure, but needless to say I have been BUSY. Fortunately, the market has done a whole lot of nothing as it obsesses over Fed Speak and politics. Great for me; sideways markets make for a solid time to collect dividends. While I lost a bit of ground this month to the S&P 500 (-1.5% vs. 1.8% for S&P 500), I am up 6.1% to 3.6% on the year. May's chop also allowed me to add a number of short positions to benefit from what appears to be a summer of volatility. As was the case last month, I encourage everyone to watch their capital carefully (dump loser positions and don't be too aggressive to put money to work unless it is in select stories with a value tilt). Until the market provides some direction, I'll just keep plugging away.
Background
Since I write for Seeking Alpha primarily to improve my own investment portfolio, I think it is important that you know my objectives. Please consider this context when you look at any advice I give and form your own opinions based on your needs and desires.
GOAL: Attractive, risk-adjusted, absolute returns (5%-15% annually) over a long-term timeframe while minimizing capital loss and extreme drawdowns. STRATEGY: "Enhance" dividend growth or DGI strategy that focuses on a... Read more