Monday, January 11, 2016
Recent Sell: CVX and COP
One of my goal for this year was to stop selling and start accumulating...well that failed.
On Monday January 11, 2015, I sold 19 shares of CVX at $82.15 and 7 shares of COP at 42.52. Total combine with my existing cash equals $1845.24.
Rationale: The water heater in our basement exploded and it's -6 outside...apparently you need to replace those things every 20 years or so. Of all my stocks CVX and COP were the two to likely cut their dividends this year (or the next). I would use the money from my bank but at the rate oil stocks are dropping I might end up with $5 a share next week. I was meaning to reduce my stake in oil and this provided a good excuse.
This sell reduced my dividends by -$102. Ouch. But I still have $1845.24 to make a buy.
My forward income is now 2097.62+FCISX distribution + SCHD distribution.
For those wondering what I'm going to buy wait for January 26, 2016 when JNJ and PG release their earnings report. I think both will have a bad quarter due to forex but the market will kill PG. I expect PG to drop to $70 or even the low $60s. Imagine that $60 for PG. that's a 4% yield!!!!