Published Wed, 12 Jun 2019 07:00:00 -0400 on Seeking Alpha
One of the most humbling things I have learned to do in my short 30 years of life is to openly admit when I make a mistake. My reason for doing this is that I believe the fastest way to build trust is by telling the truth even when the outcome doesn't necessarily have a major impact on the person/audience I am speaking to. The obligation to point out my own mistakes is elevated by the fact that my articles are read by investors whose knowledge level varies from amateur to expert.
So what is the mistake I made exactly? It was a simple as selling out of the Buckeye Partners (BPL) position before the dividend ex-date which impacted my clients' May income stream. Some might scoff at this but I believe it is important to call this mistake out because that is the only way to make sure that a "silly" mistake doesn't turn into a big one.
The good news is that John and Jane have their highest-earning month of income since I began helping them with their finances. It also looks like there won't be any higher buyout offers which meant that selling when I did made it possible for John and Jane to capitalize on selling at the share price of $41.80/share which is a premium of $1.16/share over its current price of $40.64/share. With a holding of 225 shares, it reduced the realized loss by $261 (The position was sold at a loss of -$837.63).
The bad news is that if I had given more than two seconds of thought before trading BPL the total monthly income would have risen from $1,657.60 to... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|NEW RESIDENTIAL INVESTMENT||14.48||17.4||0.83||2.00||14.14|
|TANGER FACTORY OUTLET CENTERS||14.55||18.9||0.77||1.42||9.94|
|ARBOR REALTY TRUST||12.48||8.9||1.40||1.16||9.25|
|WESTLAKE CHEMICAL PARTNERS LP||21.56||13.5||1.60||1.83||8.53|
|BUCKEYE PARTNERS LP||41.10||0.0||-0.63||3.00||7.30|
|HELMERICH & PAYNE||39.04||0.0||-0.68||2.84||7.29|
|SIMON PROPERTY GROUP||148.70||19.9||7.48||8.40||5.69|
|WP CAREY & CO||88.66||31.3||2.83||4.14||4.68|
|WASHINGTON TRUST BANCORP||45.62||11.5||3.98||2.04||4.33|
|OLD REPUBLIC INTERNATIONAL||22.80||9.2||2.48||0.80||3.64|
|JOHNSON CONTROLS INTERNATIONAL||42.13||6.4||6.57||1.04||2.45|
|AIR PRODUCTS & CHEMICALS||220.64||28.6||7.72||4.64||2.03|
Older articles featuring New Residential Investment (NRZ):The Retirees' Dividend Portfolio - John And Jane's July Taxable Account Update: Looking To The VIX Index
5%+ Dividend Yield Portfolio: Grinding Along In 2019 (July 2019 Review)
Fully Assessing AGNC Investment's Results For Q2 2019 (Includes August-October 2019 Dividend Projection)
Your 50 Top U.S. REITs By Gains And Yield Per July 22 Broker Targets
Dividend Challenger Highlights: Week Of July 21
The Retirees' Dividend Portfolio - John And Jane's June Taxable Account Update: The Danger Of Making Assumptions
AGNC Investment's Q2 2019 Income Statement And Earnings Projection - Part 2 (Includes Dividend Sustainability...
2019 Half Year 10% Yield Update; Truth Behind High-Yield Is Revealed
Annaly Capital's Dividend, BV, And Valuation Vs. 19 mREIT Peers (Includes Q3-Q4 2019 Dividend Projection) - Part 2
Top REITs For July Are Colony By Gains And Orchid Island By Yield Per Wall Street Estimates