
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
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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. =)
ReplyDeleteWS,
DeleteJust not worth it administratively for my small investment amount.
-TDM