Well I decided to reverse the flow a bit today and add to my KMI position.
- KMI: 300 shares @ $17.21 --- Yield 11.94% (hmmm...we shall see)
Total capital invested is $5168.90 and hopefully will add $612.00 to my yearly dividends. I don't think KMI is the next ESV, but if so the $2.04 dividend could become $.50 and that would really suck.
DEFY MEDIOCRITY
Are you selling or buying?
ReplyDeleteWhat's going on? Why did you jump down from the mountain when you are close to the summit? KMI is pretty risky, no?
Too many questions - or all the wrong questions.
D4s
Div Son,
DeleteMostly selling. The only two recent purchases have been HCP and KMI. I actually sold quite a few KMI shares a few weeks back around $24.00. KMI is shaky but the price is so damn low I just couldn't resist. I also wrote 4 covered calls on KMI.
MDP
MDP,
DeleteI hope everything is ok with you and your family.
Best Regards,
DGI
Gutsy move here without knowing what KMI is planning on doing with the dividend. The statement today hinted of a possible cut and nothing more. We saw more selling after that release. A dividend cut may make the stock drop even further. I think they will cut but it remains to see how much, 40% , 50% who knows. I'm waiting to find out more facts to decide what to do with my shares. I bet Mr. Kinder regrets that most recent pipeline purchase now ...
ReplyDeleteBest of luck,
CD
I've told you once before that you have big balls, but this is over the top. I've upgraded you to "biggest balls of any guy I know". I hope it pans out. I bought some BBL today, but it was only 50 shares...so my balls are only 16% the size of yours.
ReplyDeleteI remember considering buying shares in BMO during the 2009 crisis. It was yielding 10%. Had I done so, my YOC would be over 13% today...they held the dividend steady for several years and are now increasing it. KMI may have a similar outcome.
This can go down as one of the funniest comments ever. Big balls all around. Hilarious.
DeleteThis is intense regarding BBL and KMI - hoping for the best on those 2, as I own both as well.
-Lanny
I bought $100 worth yesterday after strong hesitation but $5000 is insane. The upside and the downside potential are huge though. Wishing you the best!
ReplyDeleteThat yield is too rich for my liking. Yes, you already know my aversion to anything energy related but that's a pretty bold move in this climate. I would have continued to put that money into the health REITs or other beaten down stocks like ADM, Canadian banks or even some industrial names like CAT or EMR. Thanks for sharing.
ReplyDeleteWow, hope it works out. There is. Alot of risk here, but the reward may be greater.
ReplyDeleteCheers
Happy hunting
Dividend pursuit
You are extremely bold. Best of luck. I will wait until they announce the next dividend and if shares get to 10 bucks things will be interesting.
ReplyDeleteMy Dividend Trainwreck.
ReplyDelete$16,000 in dividends received YTD, $28k over the last two years and counting. :-)
DeleteNot anymore. I average more than $16k a month in divs. The guy that told you to sell energy stocks two years ago. Can you hear me now?
Delete$16k/month is impressive. You should share your portfolio stocks/funds/whatevers.
DeleteSorry. I should of not brought that up. He was worried about paying taxes and he is creating a tax nightmare the last month of the year. And yes KMI will cut the dividend. Good luck.
DeleteYour favorite five then? Not dollar amounts. Just the ticker symbols. As someone building their portfolio I like to see what others have as their staples. And I agree that KMI will cut the dividend. That's near impossible to argue against.
DeleteMy top five holdings: LMT, MSFT, SBUX, WEC and T. I have started to build positions in ETFs: VPU, VYM, VOX, VHT and VDC because I do not have time anymore to track the 147 stocks in my portfolio. I have starting taking dividends and using them for the ETFs. Also, have been building a large position in mutual fund VWAHX (High Yield Tax Free Muni) - yields just under 4%. I have been a DGI investor since 1979 (when I turned 12 and started working farm and construction jobs - at 12 I was all ready 5'10" and grew 6 inches the next 2 years). Did overseas work from age 22-40 and saved 80-85% of my income. Do contract research projects from home now for $55 an hour and can pick and choice my jobs. Work around 100-120 hours a quarter but want to ramp that up because to get the travel jobs I have to take on my hours. Start with the dividend kings and start building good since positions and work it so you get income coming in each month. Good luck.
DeleteWhoops, hit the wrong reply button. See below.
DeleteThanks for the insightful post and good luck on those endeavors. I'm around $900 a month at age 42 having got a late start (but am debt and mortgage free as a silver lining). There's some stuff I want to clean out over the next year or so including KMI. Of your core five I own SBUX (small position I'm way ahead on and slowly adding to) and T (top five). MSFT and LMT have been on my watch list for awhile. I'll check out WEC. $55 an hour from home is excellent!
ReplyDeleteHah! You removed my earlier my comment. Keep this one up if you have the balls. Your strategy is a disaster. Keep telling the lemmings that are reading this it is an appropriate strategy. Show everyone all the money you invested and where things stand now. Simple, bro. Do it for the audience. Here is my basis ... here is what I have. Hilarious, loser!
ReplyDeleteI have never removed one comment from the blog. Take a deep breath. Everything will be ok.
Delete