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?

Dividend Income Update – March 2017

I’ve completed 690 days of freedom race and it has been awesome with great support of DGI bloggers. I’m truly blessed to be posting it from a country where Statue of Liberty stands. It stands for freedom and I hope to achieve my own financial freedom in 3000 days when I complete my race.

Wow. I crossed magic figure of $2500 in passive income. However, over coming months, it will be down due to spring cleanup of my portfolio. Still, I’m super excited to write about my passive dividend checks that I received in month of March. They are now pouring into my account without lifting a finger. So far, I’ve got 41 fantastic companies in my Portfolio

I hope that this passive income report provides inspiration to all the readers out there that even when you are starting out fresh, you can still do it. Although, it is a long race: slow and steady, we can win it on our terms and time. Without further ado, here are dividends received:

Archer Daniels Midland Co. (ADM): $16.00
Aflac Inc. (AFL): $6.45
Amgen Inc. (AMGN): $11.50
Avista Corp. (AVA) : $10.72
Boeing Inc. (BA): $7.10
Bank of America (BAC): $9.37
BHP Billiton ADR  (BBL): $328.00
BP plc (BP): $191.98
Crown Castle Corp. (CCI): $14.25
Chatham Lodging Trust (CLDT): $66.00
Cummins Inc. (CMI): $10.25
CenterPoint Energy, Inc. (CNP): $13.37
ConocoPhillips (COP): $53.00
Chevron Corp. (CVX): $118.80
Digital Realty Trust, Inc. (DLR): $46.50
Consolidated Edison Inc. (ED): $17.25
Emerson Electric (EMR): $12.00
EPR Properties (EPR): $34.00
Eaton Vance Fund (EXG): $26.60
Flower Foods, Inc. (FLO): $32.00
Gilead Sciences (GILD): $26.00
HCP, Inc. (HCP): $170.20
IBM Inc. (IBM): $7.00
Johnson & Johnson (JNJ): $12.00
Kraft Heinz Comp. (KHC): $12.00
Coca-Cola Co. (KO): $10.50
Lockheed Martin Corp. (LMT): $9.10
Main Street Capital Corp. (MAIN): $87.88
McDonald’s Corp. (MCD): $9.40
Microsoft Inc. (MSFT): $11.70
New Mountain Finance Corp. (NMFC): $170.00
Realty Income Corp. (O): $32.63
Pepsico Inc. (PEP): $15.05
Pfizer Inc. (PFE): $32.00
Qualcom Inc. (QCOM): $13.25
Royal Dutch Shell, Inc. (RDS B): $282.00
Southern Company (SO): $56.00
STAG Industrials, Inc. (STAG): $49.00
Target Corp. (TGT): $18.00
United Tech. Corp (UTX): $6.60
Vector Group Ltd. (VGR): $280.00
Ventas Inc. (VTR): $96.88
Wells Fargo & Co. (WFC): $38.00
Exxon Mobil (XOM): $45.00

Total passive dividend income for Mar: $2504.83, it was little higher than normal due to HCP paying this month, rather than last month in Feb.

Instead of getting a single salary once a month, I got paid by above fantastic companies throughout the month, simply by owning a tiny sliver of a slice. Imagine that there are thousands of people hired by those companies and that they are working for you, rather than, you working for them. This feeling of achieving financial freedom over 3000 days, is what drives me to keep racing and I’m sure readers alike!

Full Disclosure: Long on several of above mentioned stocks.

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 II – March 2017

Last week, I mentioned about the reasons why I think market looks fully or over-valued in my opinion. There was a small pullback of few percent points due to the failure of American Health act passage and myriad of other reasons like fed rate hike, geopolitical risks in south china sea, likely OPEC non-compliance of oil quotas, etc. Due to these reasons and others, I think that market is facing some head winds.

I kept steady in implementing my strategy to trim or eliminate positions in companies and raise some cash in hand so that whenever pull back does eventually happen, I’m ready to deploy the cash. I’ve completely sold following companies: AMGN, AXP, BAC, BUD, CAT, CNP, CVS, DIS, DOW, DPS, FLO, GD, JNJ, JPM, KO, MCD, MO, MSFT, OKE, PEP, PM, POT, RAI, SYY, USB, UTX, and WMT.

Over last few weeks, I’ve sold 47 companies in my portfolio, trimming down almost 50%. I feel more comfortable with this size of portfolio at this point of time. However, I’ll be at look out for buying opportunities whenever they arise, currently, I’m seeing fewer. I still have 50 companies and that’s a decent size and fairly diversified by many measures.

What do you think about market valuation, have you considered selling some companies also?

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?