Hi EKS. My turnover will be higher than usual this year. My accounts aren't set up to where I can calculate the percentage though.
Since I tell myself I look to generally keep stocks 18-36 mo., and I'm a big believer in diversifying by time too, I suspect I might have turnover about 33%-50%.
Pretty hard to lose money in anything bought early '09 and held. In taxable accounts, that gives capital gains for these stocks harvested in '10. I've been doing that. I have a lot of capital loss carryovers from '09; this makes it much easier to sell stocks which have short-term gains and long-term gains. Having these carryovers, I just find I'm much quicker to sell stocks recently bought if I have a small profit in them in this volatile market, than to hold on to them. Plus, I've got enough dividends this year in my taxable account now to where I don't want more, so that gives me some impetus to sell preferreds/reits/utilities held there.
I'm also refocusing my stocks somewhat similar to you. For sure I'm increasing my positions in dink e&p companies. I'm not looking to buy any more MLP's though. If the one's I have (e.g. Tortoise, BWP) drop enough, I'll add.
I've sold utility stocks and will sell more if/as they hit new highs. For most of the gas/electric utility stocks I have, I don't see the attraction with the stocks close to highs and if they have yields at only 3.5-4%. I'd rather be in bond funds with 7-8% yields in my ira's. I intend to still keep water utility stocks, s l o w growers that they are.
There seems to be a good number of large cap stocks that are selling near 12-mo lows. I'm looking in that sector as a place to into which I might move monies. (Well Fargo stock, for example, being a recent start for me) |
