Tuesday, December 8, 2015

Massive sell and KMI unwind


Yesterday I dumped my KMI stock and closed my one week week Kinder call. Overall I lost about $50 on the one day trade. Not too bad. In other news I dumped a ton of shares yesterday. Maybe I should buy some today? :-)






I am now down to about 10% stocks and 90% cash. It feels strange and good at the same time. I have no idea what the market is doing today and really don't care. I plan to enjoy the holidays and will probably wait until the beginning of next year to eliminate the rest of my positions.

DEFY MEDIOCRITY

16 comments:

  1. Why are you selling it all? When everyone experiences pain, this is a sign of capitulaiton. So from a contrarian standpoint, it is a buy signal.

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    1. DGI,

      Good point about capitulation. Since the S&P 500 is within 3% of all time highs I don't think we are near capitulation. LOL The energy sector is another story however. Actually the only stocks I currently own are within that sector...yikes

      Unfortunately I am going through a divorce right now and this is the primary reason for selling. I am also selling addtional shares and just staying in cash. I really just need a breather from everything right now.

      I want to start reinvesting with a clear mind and heart and will do so in the near future. Lives and priorities change and I will modify my investing style to reflect these changes.

      MDP

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    2. I am so sorry to hear about the personal troubles you are experiencing.

      I hope you can bounce back personally and from an investment standpoint.

      Clearing your mind and starting fresh is important. Having some fixed income allocation is important - I started that this year also. But just don't end up postponing some reinvestment forever either.

      Please keep us posted! I will try to cheer for you on the sidelines, through thick and thin! Hope you find true happiness!

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    3. Sorry about the divorce. Best of luck on the future. Investing comes second to one's life.

      -YD

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    4. Sorry about the divorce. Best of luck on the future. Investing comes second to one's life.

      -YD

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  3. MDP, now it is clear. Sorry to hear about your personal troubles. Sometimes, you need to take a few steps back - which is what you're doing. Wishing you well!!
    D4s

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  4. Sorry to hear about your personal troubles. Take all the times you need to get your life on track.

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  5. Obviously, good call on the KMI sale yesterday. Never fall in love with a stock (or industry/sector). By the way, less for the ex on any portfolio losses. Plenty of time to make it back young man without her drag.

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  6. MDP, figured there was a personal reason behind these moves. That can't be young. As others have said you're young and there's plenty of time to rebuild the ship and spread her sails.

    Best of luck!!

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  7. Have been a reader/lurker for awhile now and this was a shocker to say the least but I wish you the best of luck with everything and have a happy holiday!

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  8. MDP,

    Divorce sucks, sorry to hear it. It makes the moves much clearer, and I hope you land on your feet ready to roll.

    - Gremlin

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  9. Seeing all these sells at once is definitely a rarity among the dividend bloggers but in your situation I can understand why you are doing this. Sometimes the reset button needs to be pressed in our lives. As long as you come out better on the other side, these current difficulties are just a temp. bump in the road. Look forward to your return as a fellow DGI'er.

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    Stocks to buy today

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  11. MDP,

    I'm sorry to hear about the divorce. I just went through the same thing and it took a toll on my portfolio. Good luck and I'll be watching for when you start investing again.

    Happy New Year

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