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

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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.


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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{ 8 comments… add one }
  • Dividend MantraNo Gravatar January 26, 2013, 5:57 pm


    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!

    • FI FighterNo Gravatar January 28, 2013, 10:30 pm


      Thanks! Yeah, I’m really hoping I have all the funds I need now. I think I’m cutting it real close, so hopefully I’ll be able to tack on another paycheck or two before the final close date arrives. I don’t want to sell any more stocks 😉

      Right now, I’m not too concerned with capital gains taxes. Due to the need for instant cash, most of the sales are filed under short-term gains, but that was unavoidable. I’ll worry about it in due time. I did take a loss for EXC, so that helps slightly.

      After this loan is finalized, and the property is rented out, I’m greatly looking forward to rebuilding the dividend portfolio. By knocking out rent, I should be able to supercharge the portfolio like never before. $100k seems a little far out, but hopefully in another 2 years or so. You’re getting awfully close, and will most assuredly break that benchmark this year.

      Happy hunting!

  • JC @ Passive-Income-PursuitNo Gravatar January 29, 2013, 4:59 am

    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.

    • FI FighterNo Gravatar January 29, 2013, 11:27 pm


      Yep, the main focus right now is to secure the property and start living rent-free. It’s especially painful to have to sell stocks and then see them continually trend upwards. But I made my decision, and am sticking to it.

      I’m generally not too concerned with capital gains. If I was getting a huge tax refund every year… then I would start to worry.


  • Brett @ wstreetstocksNo Gravatar January 29, 2013, 4:28 pm

    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%.

    • FI FighterNo Gravatar January 29, 2013, 11:30 pm


      Yeah, on the brightside I’m not liquidating stocks when the market is tanking (like in November). It would be even more painful to be forced to sell in a bear market. Even though I’m not maximizing my gains here, I’m still coming out well ahead, in many cases. When forced to sell… sell high! I really can’t complain…

      CAT has been doing very well as of late. It’s very cyclical, so it’s likely you’ll have another good buying opportunity in the future. But then again, this bull run may not be over anytime soon… CAT reached about $117 around this time last year.

      Best wishes!

  • MartinNo Gravatar January 29, 2013, 10:57 pm

    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.

    • FI FighterNo Gravatar January 29, 2013, 11:31 pm


      haha, that’s the plan! I’ll even subsist on top ramen if I have to! Some way, some how, I will rebuild this dividend portfolio!!! 😉


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