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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (4928)	6/16/2010 7:04:21 PM
From: chowder	Respond to of 34328

>>> Maybe you are over trading. lol! <<< Couldn't help it! Had to put the remaining BP funds to work. I had accumulated dividends that I needed to invest and since this is close to the semi-annual mark, I rebalanced my portfolio. I have my stock list set up according to industries/sectors and I was way over weighted in MLP's. I don't want to put myself in a position where any one sector can give me a big hit. I took a big hit on my BP loss with regard to that specific position, but it only represented 2% of my total portfolio value. So, as much as I hate the loss, I feel good about how the losses were managed. Since I was overweighted MLP's, I not only took profits on MMP, I sold it all. I needed to get my MLP's back down to my comfort level. Therefore, I had those funds to put to work as well. I'm done! I can watch the rest of the World Cup now and not even look at the market.