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

Recent Buy --- KMI

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

Wrecking ball...meet my portfolio.

Sharebuilder too..... :-(

The carnage is NOT over yet. As you can see, the selling has been indiscriminate. I plan on selling a lot more by year end.

I think this covers all the sales so far. The total is up to around $200k. My monthly dividends are definitely dropping and will really take a hit by January.

By early February I will be close to 100% cash, so I will be back at the bottom of the mountain looking up again. I will start putting new money to work and simplify the portfolio then. Most likely I will stay at 25 positions or less with no mutual funds.


Stay tuned.

DEFY MEDIOCRITY

Recent Buy --- HCP

Today I added to my position in HCP.

• 200 shares @ $34.05 --- Yield  6.64%

Total capital invested is $6816.95 and will add $452.00 to my yearly dividends.

I have been making a lot of changes to my portfolio recently....mostly liquidating positions. Fortunately I have been making most of my sales in the last couple of weeks near the highs.

I did sell of 200 shares of HCP a on October 28th around $39, but this big drop today compelled me to jump back in.

Current forward dividends are around $12,000 as I have reduced my stock positions by around $115,000. Some of the major sells have been my mutual fund holdings along with MSFT, some CVX, DLR, MO, and a big chunk of PM,

I hope to update the blog in the next month or so.

DEFY MEDIOCRITY

Recent Buy --- CAT

Today I added more shares to my CAT position.

• CAT:  45 shares @ $65.61 --- Yield  4.69%

Total capital invested is $2959.40 and this will increase my yearly dividends by $138.60. CAT, similar to a lot of energy names, continues to hit multi year lows. With the announcement of lowered revenue guidance and massive layoffs the blood continues to flow. I almost initiated a position in EMR, but it looks like it is taking a fast train to the $30s. I may look at it again next week.

DEFY MEDIOCRITY

Recent Buy --- RDS-b

Today, on further weakness, I added to my Shell position.

• RDS-b:  35 shares @ $48.26 --- Yield  7.79%

Total capital invested is $1696.05 and will add $131.60 to my yearly dividends. BP and BBL are also very tempting at their current levels. I may be wrong, but I really believe these are great times to be creating and adding to energy positions. I haven't updated my portfolio sheet in a few months, but this purchase puts me right at 200 shares of Shell.

DEFY MEDIOCRITY

Catch up post --- July and August Dividend Recaps

Here is my passive income summary from July and August.


July Passive Income

• KHC --- $1278.75
• AHITX --- $264.18
• PM --- $213.27
• GE --- $99.96
• MO --- $78.00
• WPC --- $72.82
• KO --- $70.52
• CSCO --- $50.40
• TD --- $43.02
• BAX --- $34.26
• NEA --- $22.58

Total taxable July passive income is $2227.76.


August Passive Income

• HCP --- $242.95
• AHITX --- $176.78
• T --- $175.19
• KMI --- $118.98
• PG --- $88.63
• VZ --- $77.43
• APU --- $72.18
• CAT --- $55.38
• CLX --- $41.89
• PAYX --- $39.33
• TIS --- $35.56
• NEA --- $22.69

Total taxable August income is $1146.99.

DEFY MEDIOCRITY