Quote:
Originally Posted by GregWeld
Okay --- We'll use this Kinder Morgan Partners (KMP) as a good example today of how I work.
I owned 11,000 shares at a cost of $81.43 a share = $895,730
These shares paid me $15,290 per quarter. The dividend is already "X" for the period - so on August 14th I'll be paid.
I sold this morning - the entire lot - for $1,120,290 netting a nice $224,560K
Add in the dividend capture and it's $240,000 this quarter.
My point in all this is --- whenever I have an unexpected windfall like this -- I'm going to take that gain. I'll buy the new entity when and if it's approved and takes place if the new dividend meets my needs --- or I can buy something else. Nobody ever went broke taking a profit.
OKay -- but for "102" -- you guys should be longer term thinkers and your profits (actual real dollars) are probably not quite as large as mine. Nearly a quarter million dollars is real money. Not that $2500 isn't -- but I'm saying that you have to balance the gain against your total - and whether or not this is a taxable event for you (long or short term hold). And then make a judgement call. For me -- that gain pays for the Pinkee's build... so I'll take it and say thank you very much. If it was in a 401K or IRA or ROTH -- and was only a $200 or $1000 gain - I'd probably let it ride and pick up the dividend - and the cash that's going to get paid and the shares in the new entity. I still LOVE this company so will bet with them again.
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I maybe should have explained how I arrived at the sales numbers. I live the market and wake early... and saw the premarket trading activity and put in a sell order... The early bird gets the worm sometimes.... LOL
In other words --- the premarket HIGH this morning was $104 per share.
Pre-Market Volume: Pre-Market High: Pre-Market Low:
1,424,588
(08:17:37 AM)
$ 104
(04:00:00 AM)
$ 84.23