06-29-2021, 12:24 PM
(This post was last modified: 06-29-2021, 12:25 PM by ken-do-nim.)
Right, I started the day deciding to sell ORC, and then BTI and KMI came along for the ride because all 3 are tax losses, and I'm still looking to offset that short-term gain on NAIL from earlier in the year. I've increased taxes taken out of my paycheck by $300/month so that all these dividends and gains don't cause an IRS penalty next March. Short-term gains are still over $6k but at least that's down from over $8k. And though BTI was in the 7s and KMI in the 5s yield-percentage-wise, I decided to double-down on some of my 9 and 10 yielders instead to make up for the loss of ORC and plus they've been appreciating. Plus, nibbling in the back of my mind is whether I want to be tacitly supporting tobacco by being a stock owner.
My budget shortfall is due to the recent $300/month increase in taxes taken out. That, plus the additional $450/month I pay for the increased mortgage after the cash-out refinance, and the 10% taken out for the employee stock purchase plan, are my triple killers.
My budget shortfall is due to the recent $300/month increase in taxes taken out. That, plus the additional $450/month I pay for the increased mortgage after the cash-out refinance, and the 10% taken out for the employee stock purchase plan, are my triple killers.