Saturday, February 16, 2013

Portfolio Update - Sold Positions

I created Project $3 Million in 2008. Over the last few years, I have made several changes to the portfolio with regard to selling some positions. I want total transparency in this portfolio. It's the only way I know to create value in sharing what I do so that others may learn not only from the successes, but from the failures.

In this post I will list all of the portfolio moves and from now on they will be shown at the tail end of the monthly updates.

I will provide the company, the month and year sold, the dollar loss or gain, the percentage of loss or gain, the reason for the sale and what I did with the proceeds of the sale.

Company ... Date ... $$$ G/L ... Prof/Loss ... Reason/Result

BMY ... 11/09 ... $1,001.21 ... 25.85% ... Froze dividend, bot VZ and JNJ
CLX .... 06/11 ... $26.25 ........  1.57% .... Concerned with debt, bot KMB
KMR ... 02/11 ... $504.94 ..... 27.09% ... Replaced with KMP, wanted KMP in taxable account
O ........ 03/11 .... $639.63 ..... 34.55% ... Sold @ $35.42, repurchased at $34.43 (don't recall why)
VFC ... 10/11 .... $897.99 ...... 53.07% ... Took profits as dividend dropped under 2%, bot PEP
VZ ...... 05/11 .... $618.16 ...... 30.15% ... Sold, put cash in Roth and repurchased VZ adding to existing shares
ZTR ... 04/11 ... <$55.58> ... <10.09%> .. Cut loss, bot SYY
O ........ 01/12 ... $79.73 ........ 3.01% ...... Sold, put cash in Roth and repurchased O
UHT ... 01/12 .... $233.60 ...... 10.32% .... Wanted to spread tenant risk, moved cash to Roth, bot HCN
ABT ... 10/12 .... $872.46 .....   31.38% ... Merger, took profits, bot KRFT
BP ..... 12/12 ... <$554.03> .. <17.23%> .. Took loss, moved cash to Roth, bot COP
NUE .. 12/12 ..... $164.61 ..... 7.33% ...... Sold, moved cash to Roth, bot KMI
FTR ... 03/12 .. <$1099.49> .. <49.90%> ... Second dividend cut, bot D with remaining cash
===================================================================

Total cash gains ... $3,329.48

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