Recent Stock Sale III – April 2017

I continued selling companies and raise some cash. I believe that most of the selling is behind but market always manages to surprise me and throw some of its own curve balls: instead of correction, market had rallied in last few days.

I completely sold positions in following 2 companies: KMI and ABBV. As I said, I like all the companies that I’m selling, its just that valuations have got ahead of them self. However, I hope to purchase them at a better price at some point in future.

Currently, I’ve got remaining 34 companies, a fairly decent size for a diversified portfolio. I consider it prudent to sell some of the companies while the market is offering better prices, rather than waiting when it really starts tanking.

Are you considering to sell any company in near future?

Recent Stock Sale II – April 2017

My strategy of selling positions in companies is getting to a climax, though, there could be couple of more companies to go through. I’d have some dry powder at the end of this exercise.

Last week, I completely sold positions in following 2 companies: PFE and TD. As I’ve said earlier, it is getting increasingly difficult to part these companies that I painstakingly built up over a period of time, however, I hope that I could purchase them at a better price at some point in future.

So far, I’ve sold 60 companies in my portfolio, with remaining companies close to 37, still a fairly decent size for a diversified portfolio. I consider it prudent to sell some of the companies while the market is offering better prices. All of these sells will put me a little behind in my race towards $3K in 3K.

Are you considering selling some companies to raise cash in near future?

Recent Stock Sale I – April 2017

Last week, I continued my strategy of selling positions in companies to raise some cash due to the reasons documented in prior posts. I kept steady at it and now, a big spring cleanup is becoming a summer trimming. I believe that most of the selling is behind but market could still throw an unexpected curve ball and plans can change.

Last week’s sales were bitter sweet as I really like these companies and have been building positions over time, however, I’ve to stick to my strategy to keep some dry powder when market corrects. I completely sold positions in following 2 companies: BNS and RY. As I said, it was difficult to part these two companies, however, I hope that I could purchase them at a better price at some point in future.

So far, I’ve sold 58 companies in my portfolio, with remaining companies close to 39, still a fair decent size for a diversified portfolio. I consider it prudent to sell some of the companies while the market is offering better prices, rather than waiting when it really starts tanking.

What do you think about my strategy of selling some companies or Are you considering similar move in near future?

Recent Stock Sale III – March 2017

As I posted over last weeks, I’ve been selling positions in companies due to the reasons documented reasons in prior posts. I kept steady in almost completing my strategy of performing a big spring cleanup operation to keep some cash on the side. I believe that most of the selling is behind but market could throw an unexpected curve ball and plans need to be adjusted.

Last week, I completely sold positions in following 9 companies: COP, CVX, ED, GE, GILD, MRK, PG, WFC and XOM. Selling of these and earlier companies does not mean that I do not like them, but, its a matter of raising some dry powder and buy them at lower entry points, as compared to what the market is offering currently.

So far, I’ve sold 56 companies in my portfolio, with remaining companies close to 41, still a decent size for a diversified portfolio. I consider it prudent to sell some of the companies while the market is offering better prices, rather than when the bear strikes. 

Are you planning to add companies and/or plan to sell any company in near term.

Recent Stock Sale – March 2017

Over last several months and years, I’ve been adding companies to build a diversified portfolio to generate passive income of $3K in 3K days and become FI. It has been a fantastic and challenging journey so far. With each passing day, market is either setting all time high or close to it and many companies are at all time high. Market recently celebrated its 8th anniversary on March 9th and now, it is entering 9th year of its bullish innings. It is already 2nd longest running bull market and its possible that it can keep running for another couple of years before correction or bearish sentiments sets in.

Why do I think market is fully or over valued. It is due to many facts that have been well-documented by many experts. Some of them are as below:

  1. P/E ratio higher than historical average.
  2. Schiller PE ratio almost in nose bleed territory
  3. Market/GDP ratio over 150%

At this point, I feel prudent to trim positions or sell companies. I’m not predicting a bear market, far from it, I’m in it for long but want to keep some cash on hand so that when corrections do finally occur, I’ll have some dry powder. As a result, I’ve completely sold positions in companies: ABT, ADM, AFL, AVA, BA, BAX, CCI, CMI, DLR, EMR, IBM, KHC, LMT, NKE, QCOM, and SBUX. Last month, I’d already sold QCP, FCX, XME and YUMC.

It was a very tough decision for me to sell above companies as I’ve patiently added in my portfolio. As a result of these sales, my passive income will be down over coming months, though, I’m expecting March to be all-time record for me.

What do you think whether my decision to sell above companies a wise move?