Jason Fieber just did something inside his FIRE Fund that most investors don’t have the stomach for: he trimmed one of his biggest, fattest, most glorious winners — Broadcom (AVGO).

If you know Jason, you know he’s not the “sell early and regret it for life” guy. The man lets his winners breathe. He lets them turn into oak trees. And Broadcom? That was a full-blown redwood. A monster he first planted back in 2018 that has since grown more than 1,300%. The lot he just sold was up over 1,400%. That’s not a typo — that’s what it looks like when you let a winner ride.

So why trim something that worked so well it made the rest of the portfolio blush?

Because even the best winners eventually need a haircut.

Broadcom had become one of the FIRE Fund’s biggest positions — a great problem, until it isn’t. And then you look at the valuation… and suddenly that “great problem” looks like a neon sign flashing Danger: Overextended.

AVGO wasn’t cheap by any stretch:

  • Roughly 50x cash flow
  • About 30x sales
  • A microscopic 0.7% yield

Those numbers look more like a Silicon Valley pitch deck than the kind of steady, income-rich holding the FIRE Fund is built around. And with AI mania sending certain tech names into orbit, Jason decided to do what most investors only talk about doing: he took a victory lap — and a little profit.

No drama. No calling tops. No “the sky is falling.” Just a cool, collected trim of a position that got a little too big for its own britches.

And here’s the best part: Jason didn’t use the cash to sit on the sidelines and wait for a crisis that may never come. He put it right back to work — in the kinds of names dividend investors dream about.

He rotated those Broadcom gains into several higher-yield, lower-multiple, sleep-better-tonight income plays. And one of my favorite adds was a fresh slice of Realty Income (O) — the Monthly Dividend Company™ and one of Jason’s recently featured undervalued dividend growth ideas.

Think about the contrast:

  • He peeled a little off a tech rocket yielding less than one percent…
  • And funneled it into time-tested income machines that actually pay you to own them.

That’s how grown-ups manage money.

The FIRE Fund’s yield went up. Its valuation risk went down. And the portfolio got sturdier — without sacrificing quality or jumping into cash.

This is the quiet power of pruning. Let your winners run, but don’t let them run you. Use a ten-bagger to fund a handful of new income streams. De-risk without de-investing.

It’s boring. It’s sensible. It’s massively underrated. And it’s exactly how long-term, real-money portfolios survive decade after decade.

Good investing!
Greg Patrick

P.S. I only shared the Broadcom trim and the Realty Income add here. Jason actually made several trades that same day, all of which he shared in real time with his Patreon community. If you want every buy, every sell, and full access to his FIRE Fund for just $8 a month, you can follow along with him on Patreon.