Thursday, December 27, 2018 1:50:50 PM
I just liquidated my four positions in AMZA.
Reason #1:
I wasn't being improved by my ownership.
Reason #2:
I wasn't being improved by my ownership.
And, finally---reason #3:
I wasn't being improved by my ownership.
___________________________________________
When all is said and done, I buy stocks for dividends and distributions and also capital appreciation. I do not EVER buy them so they can complicate or frighten me due to lack of payout sustainability.
AMZA has paid me regularly but I've lost too much money here. It would take years for distributions to make up for my losses in unit value. Worse, I see only muddy roads ahead and I don't need more question marks in my life. Cancer convinced me of the importance of coming to terms when it comes to my chosen path. (I am a medically declared survivor and recurrence is NOT on the table.) I cashed out just a moment ago and added to my NGL position which goes ex-D in a few weeks. Paying 39 cents per quarter and altogether sustainable makes this the most obvious choice for me.
I'm well heeled enough to withstand market gyrations, no problem financially. But I don't like finding myself questioning yours truly every time I look at my portfolio holdings. I've done a good enough job of financial management over these last twenty-five years and don't need to feel caught in a trap by the likes of this pick. Am officially out of AMZA now.
I wish you folks the best as always and would appreciate comments from others as well as Toofuzzy.
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