Today I sold 275 shares of GE out of the wife's IRA in order to pick up 500 NGL at $16/unit.
At this time I've completed my NGL campaign on the buying side.
Over four portfolios I've now amassed 10,000 units. Cost basis is $14.30. In a couple of weeks this will drop back to $13.91 when the quarterly 39 cents comes in.. Nice!
Obviously, there's no way to be certain my moves of late are destined to pay off. However, letting go of some GE wasn't painful when you consider the tradeoff is about getting 3% versus about 10% via NGL. This is easy enough. And if I've bungled it a bit, I can forgive myself as it was about trusting my head and my instincts.
A word about ALDW here---now that CVRR has made it clear there's to be no distribution for the first quarter of 2017, does this reflect in any way on how we are likely to fare with ALDW?
I don't know, to put it simply. I'm thinking it may suggest to some that ALDW will refrain from paying much and frankly I added up the last three distributions and come up with a payout average of eleven cents.
That would translate into $2,700 for my holdings---24,500 units.
But while my logic may be acceptable to some of us, I know the truth---that none of us truly knows what will be. So I'm trying to brace myself for two possibilities:
1. eleven cents
2. No sense/cents lol
Most important, though, is that we accept whatever will be and trust that whatever it should amount to, the forthcoming distribution is no more and no less than the best that reality could provide. If I had a problem with that, then I'm a fool.
