Freedom56
Thinks s/he gets paid by the post
Dont blame you, Freedom. The yield isnt what you paid for it, its the yield that the stock currently trades at. Im in the middle of a little cost reduction trade myself. Hope I finish it up soon.
I raised just under $600K cash with the sale of those issues. but will lose about $35K per year in income offset by about $73K in capital gains. I'll use that money for trading. In a market hitting new highs, there a lot of sectors that have been beaten up badly - Retail, oil and gas, MLPs, Biotech, Pharma etc... This rally has been extremely narrow and led my stocks that I would never touch (i.e. Amazon, Facebook, Netflix, Google, etc...). It feels a lot like 2000 all over again.