(06-29-2021, 11:21 AM)ken-do-nim Wrote: I came to the realization that I need to prioritize dividends to balance my budget properly and reach $6k/year before I can focus back on DGI or Growth. To that end, I made a flurry of moves, and I ended up at an Estimated Income of $5,885.36; which is pretty darn close
Gone:
- ORC (despite the 14.4% div, it keeps sinking)
- BTI (good div, but sold because it was at a loss and that will help taxes)
- KMI
- WEC
- ABNB
- IBM
No new positions taken, but proceeds were spread around to existing high div payers (ABBV and MO included but mostly OXLC, RA, AGNC, ARCC).
There are a whole bunch of positions I hope to get back into next year such as WEC, HPQ, NEE, and IBM.
So you sold BTI and KMI because you need more current income? Or did you just sell some stocks because they were down a buck or two? Can you walk us through the math? Why did you buy those stocks? What changed in your original thesis before you invested? You might consider putting most of your income basket in ETFs so you can't see what is going on day to day. Locking in all your losses is a losing strategy.