Portfolio Update: Kinder Morgan Inc. Purchased & Sold

kinder-morgan

One of the reasons I started this blog was to educate others and to improve my own investing. This is why I like to keep my readers up to date on my portfolio changes. For the most up to date portfolio changes follow my twitter account as I will usually tweet first and then follow-up with a blog post. By keeping an open book of my portfolio and changes to it, I hope to generate discussion so others can see how I put my investing philosophy into practice.

With my recent purchases and sale of Kinder Morgan Inc. [KMI Trend Analysis] I would say that I have not put this philosophy to good use. I first purchased Kinder Morgan Inc. on November 6, 2015 for $25.50 (8% dividend yield at the time) and then again on December 1, 2015 for $22.66 (9% dividend yield at the time) which reduced my average price to $24.04. Just a week later on December 8, 2015 Kinder Morgan Inc. announced that they were cutting the dividend and I sold all the shares for $14.75 per share in the after

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Is Living Off Of Your Dividends A Mistake?

Delete "MISTAKE"

Part of the reason I started this blog was to become a better investor. I’ve found that having to justify my investing decisions publicly has made me a better investor as it encourages me to think and justify my actions. It also provides a platform where I can hear and learn from readers.

I’m always curious to hear opposing views so that I can hopefully defend my strategy or make necessary adjustments. Part of my retirement strategy involves utilizing a growing stream of dividends to help pay for retirement. Naturally, when I read a National Post article by Jason Heath titled “Why living off your dividends in retirement may be a mistake“ it got me thinking about my retirement plan. One quote stuck with me particularly.

Retirement planning is a personal decision, but you might be making a big mistake if you go out of your way to ensure you can live off your dividends, since you will be leaving a great deal of money when you die. In the process, you may have worked too hard at the expense of family time or spent too little at the expense of treating yourself.

I thought the

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Investing Mistakes

~ BLINK some BLUE ~

I read a very interesting article that got me thinking about investing mistakes. The article; 50 Unfortunate Truths About Investing by Morgan Housel, had some points that really hit home. One that stuck with me was:

  • As Erik Falkenstein says: “In expert tennis, 80% of the points are won, while in amateur tennis, 80% are lost. The same is true for wrestling, chess, and investing: Beginners should focus on avoiding mistakes, experts on making great moves.”

I can relate to this point, as over the past few years my investing knowledge has grown substantially. Some of the investments I made in the past I wouldn’t make today. My investing technique has changed and become more conservative. Now, I focus on dividend growth stocks and buying at a great price. In the past I didn’t fully understand the power of dividend growth companies, so the number of companies I’ll invest in has dropped considerably. I learnt a huge amount in the first few years of investing. During this period of starting out I totally agree that one of the best things beginner’s

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