I rushed to get yesterday’s post out and realized afterwards that I didn’t update you on what I was doing with the position. In short, we’re moving on to greener pastures. This story offers some good investment lessons so I’ll provide a few more details. Despite my concerns, I chose to stick with Kinder Morgan…
Here’s What Happens When you Play with Fire
Earlier this year I cut all exposure to energy except for one company… A few month later, I started cutting back on all companies that were highly leveraged with debt because I could see the turn in the credit cycle coming and I knew that companies that were relying on the ability to access the…
Recent Portfolio Updates
I’ve made a few position changes lately, mainly on the “income” side: I’ve been reducing exposure to tobacco stocks over the past few months and have now totally sold the rest of Altria (MO). Tobacco stocks tend to be high yielders, like telecom and utilities, making the dividend payout, sustainability and growth rate very important…