Thread: Investing 102
View Single Post
  #5258  
Old 12-08-2015, 09:46 AM
SSLance's Avatar
SSLance SSLance is offline
Senior Member
 
Join Date: Oct 2013
Location: Peoria, AZ
Posts: 2,683
Thanks: 72
Thanked 338 Times in 212 Posts
Default

My wife bought some KMI at $22.50... She's usually a good luck charm and I figured that would do the trick.

Strangely enough, I'm alright with my KMI and ETP being down 50% as well. I got caught in a similar situation in 2008-2009 with my high yield tax free muni bond funds. Their asset value got hammered because their insurers were tied to the mortgage defaults...when they really didn't have anything to do with the mortgage crisis at all.

Back then, I bailed from them at the bottom and went big into equities...and that paid off fantastically...but they were like 75% of my total portfolio. The two mentioned above are (or should say "were") just over 10% of my portfolio now.

I think (hope) this is just another case of Mr Market throwing out the baby with the bath water, mix in a little tax loss selling and bam...this is what you get.
__________________
Lance
1985 Monte Carlo SS Street Car
Reply With Quote