Recent Sell (HCP)
04 Jun 2016 09:51
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I sold 200 shares of HCP at $33.67 with a capital gain loss of $149. Luckily losses were not that bad and I can use it as a deduction on my taxes.
Two weeks ago I bought two REITS, Pebblebrook (PEB) and Stag Industrial (STAG), which made my portfolio overweight in REITs. This sell brings my portfolio weighting back into alignment and allows me to avoid the upcoming HCP spinoff of their problem child HCR ManorCare of which I did not want to become a shareholder of.
Of course this places some cash back into the portfolio but as of right now I have no short term target to put the money to work. Instead I will use the cash as a reserve to capitalize on any future buying opportunity.
Comments: 2
page revision: 0, last edited: 04 Jun 2016 09:51
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Close previewNot sure I'd be overweight in REITs for my own portfolio. There are so many other great names to invest in with solid track records of dividend growth. Why venture too heavily into REITland?
I bought the two REITs in anticipation of selling HCP after the spin-off announcement. My overweight was only for a couple weeks.
As far as venturing too heavily into REITs I agree, I limit my exposure to approximately 10% of my portfolio. The other 90% is spread out over many sectors. The 90/10 portfolio mix works for me in meeting my retirement income goals of growing my annual income by 15% until the day I am ready to retire.