InvestorsHub Logo
Followers 135
Posts 9915
Boards Moderated 1
Alias Born 03/20/2013

Re: RedShoulder post# 1077

Wednesday, 07/02/2014 2:36:54 PM

Wednesday, July 02, 2014 2:36:54 PM

Post# of 1887
Thanks, Red---I appreciate your open thinking.

After posting yesterday and then continuing this morning, I unloaded 3,000 units of NTI: about half at $27.09 and the balance at $27.45. I immediately put about 2/3 of the cash into CVRR. Thus I was lucky, getting NTI at the high and CVRR in the middle of its move higher.

CVRR goes ex-distribution a week before NTI. I'm hoping I can work that to advantage as NTI might climb the week before scheduled to go ex.

Either way, I'll be getting those juicy distributions from one or the other in addition to units I already hold and won't put at risk---in both stocks.

You're very kind, by the way. So let me not omit this:

I've always been an investor, not the busy trader. As I get older I find joy in having been in a few rodeos and finding street smarts working to my advantage. It bothers me waiting for quarterly payouts. After all, the cash is dead money. So I'm trying to work this out. But don't think for an instant that I'm unafraid. I am very concerned that things won't work out correctly because I failed to pull things together as necessary. Time will tell.

Good luck to you and other folks here dedicated to helping one another!