Portfolio Update: New Subtraction (CAT, CSX, PSX, and BP; January 24-25, 2013)

dome

The last round of selling looks to be finished. I exited out of four more positions on Thursday and Friday. After these transactions, I should now have enough funds to complete the downpayment.

Transactions

Here is the breakdown:

January 24:
17 shares of CATERPILLAR INC (CAT) for $97.20/share
141 shares of CSX CORP (CSX) for $22.06/share

January 25:
14 shares of PHILLIPS 66 (PSX) for $56.69/share
25 share of BP P L C SPONSORED ADR (BP) for $44.14/share

Transaction Total: $6640.02

Total Cash in Brokerage Account: $46,646.13

I should be able to cover the rest of the downpayment using funds already in my checking account. I really hope this is the last of the selling, as I don’t think I can take much more!

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MartinBrett @ wstreetstocksJC @ Passive-Income-PursuitFI FighterDividend Mantra Recent comment authors
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Dividend Mantra
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Fighter,

That’s great you have all the funds you need now. I wish you the best of luck with the closing process. I hope it all goes very smoothly!

BTW, you’re going to be probably hit with a pretty decent tax bill for cap gains this year after selling such a large swath all at once. But I suppose your dividends will be lower to somewhat offset this, correct?

Even after selling so many stocks you still have a pretty good portfolio left over, so the rebuilding process will go very quickly…especially with all the extra cashflow from the new property. You’ll be over the $100k mark in no time. Plus, you have your retirement accounts. You’re doing great, my friend.

Best wishes!

JC @ Passive-Income-Pursuit
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Hate to see you have to sell off even more shares, but the prospect of living rent free for the rest of your life is worth cutting the portfolio back a bit. I’ll have some capital gains to deal with for taxes this April and in 2013 but nothing major to change my taxes significantly. At least as of now.

Brett @ wstreetstocks
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Those are all great stocks that you sold. However, most of them have rallied alot over the past few months, so it could be time to take profits. I am considering selling my shares my shares of CAT, they are up 15%.

Martin
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Fighter, I am crying for you. If I were you, my first step after securing the residence and start receiving the rent, use it all to rebuild the portfolio.

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