tag:blogger.com,1999:blog-6097510160054715524.post5765275754528459949..comments2024-01-03T21:42:28.979-08:00Comments on DivGro: Recent Sell: PennyMac Mortgage Investment TrustFerdiShttp://www.blogger.com/profile/05008021146951839361noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6097510160054715524.post-68020592840370288992015-11-07T18:30:58.219-08:002015-11-07T18:30:58.219-08:00Thanks, Derek! I don't like selling losing pos...Thanks, Derek! I don't like selling losing positions, but it is better to cut your losses and move on when the company cuts its dividend...FerdiShttps://www.blogger.com/profile/05008021146951839361noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-39505319312178020072015-11-04T23:57:08.226-08:002015-11-04T23:57:08.226-08:00Well done on staying disciplined and keeping consi...Well done on staying disciplined and keeping consistent with your strategy. In the long run it will pay off. I agree with DfS, its not easy selling a losing position, but when your looking at a 22.95% dividend cut, that definitely sends off red flags for a dividend growth strategy.Derek H. | ModernCentshttps://www.moderncents.com/noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-70149911001332284052015-11-04T07:09:58.396-08:002015-11-04T07:09:58.396-08:00Thanks for your comment, DfS!
I agree with you. ...Thanks for your comment, DfS! <br /><br />I agree with you. This was a difficult decision but the right one to make for DivGro. The most important, though, is the learning associated with this position. I chased yield and got burned. Perhaps there are similar positions lurking in my portfolio that I should get rid of over time. <br /><br />Take care!<br />FerdiSFerdiShttps://www.blogger.com/profile/05008021146951839361noreply@blogger.comtag:blogger.com,1999:blog-6097510160054715524.post-80034704529294001402015-11-04T02:46:24.894-08:002015-11-04T02:46:24.894-08:00Sometimes you have to make difficult decisions tha...Sometimes you have to make difficult decisions that are best for the future of the portfolio.. I think this is one of those choices. It's never easy to sell a losing position, but recovering from this dividend cut could take several years. <br /><br />Thanks for sharing!<br />Best wishes, DfSDividend for Startershttps://www.blogger.com/profile/01367068409161257275noreply@blogger.com