Saturday, April 8, 2017

Recent Sale: BX

sold 100 shares of BX (Blackstone) for a total loss of $175.40.  This is a move I made for a few reasons.  One is due to working towards that "strong core portfolio."  The other is to avoid K-1's during tax season.  In the future, any partnership I invest in will be in a retirement account.  It's just not worth the hassle for me to wait for K-1s to come out and then attempt to understand everything in them.

My loss on the sale was $419 from which I received $243.75 in dividends in the past two years.  For a net loss of $175.40.  For those of you investing in partnerships you may know that this $243.75 is not all treated as as a dividend at all and rather treated as a withdrawal on the k-1 so in reality the gain/loss may vary from the $175.40.   This is something I will have to calculate when the 2017 K-1 is released next April. Although the dividends were solid and I see it as a great company in the long run.  It does not belong in my portfolio and not worth the administrative tasks for me personally.  I have about $3k in cash now to deploy when needed.  The volatility in my portfolio remains high as I patiently work towards having a strong core portfolio while growing my dividends.  This will definitely take a hit to my annual dividends, but I hope to deploy the money in a favorable manner into companies that don't affect my sleep at all.  Been a while since a sale, but happy with the move!



You can see my updated portfolio here.

Thanks again for stopping by!

Are you invested in any companies providing you K-1s? What are your thoughts?

Photo Credit: FreeDigitalPhotos.net by suphakit73

I'm not an investment professional or a licensed financial advisor. This blog represents my personal views and decisions, which may not be appropriate for other investors. Please use common sense or consult with an investment professional before investing your money. I am not responsible for the outcomes of your decisions, nor am I responsible for the comments posted by readers or the contents of any linked websites. This blog should viewed for educational or entertainment purposes only.

2 comments:

  1. Oh my goodness, I don't have any partnerships, but it sounds awful if it's not even considered a Dividend. Thanks for sharing and I'm glad you got rid of it. =)

    ReplyDelete
    Replies
    1. WS,

      Just not worth it administratively for my small investment amount.

      -TDM

      Delete