About Me

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Interested in saving and investing for financial freedom. Mid to late career IT worker with 20+ years in the state retirement system seeking alternate income through dividend growth investments. Final goal is to pass it down to my children and that they do the same for their children-a continuing generational wealth transfer.

Friday, May 16, 2014

May Activity - goodbye ARNA







Well, I couldn't take the pain anymore of watching my portfolio get dragged down. After ARNA missed estimates by .02 the stock plummeted some 12%-this after a month of TV advertising and another accumulation on my part. This is the only stock I've owned that has consistently been a solid nonstop loser. My emotions got the better of me and I dumped the stock. It will be a long time before I do that again-invest my hard earned money in a speculation. It is a relief and almost worth the loss in dollars to be rid of it.At least I derived no income from it in the form of dividends-my dividend income stays the same.

Onto bigger and better things. I am about to have CSCO called away and that is ok with me. I am going to take the funds and look closely at a few on my watchlist-KMI, ED, OHI. I am looking forward this next few weeks and will post when changes are made.