Sunday, June 28, 2020

June 2020 Buys and Sells

Old Man Gremlin here to talk about what investments and sales I have made over the past month.  In June I finally closed out a few positions that had eliminated or suspended dividends and reinvested that money to dividend growing streams.  This is an annoying, but necessary process where I add more towards quality while discarding stocks with inferior management teams / business plans.  Long term this is a positive thing, but it does feel like bloodletting.

Market wise, I am a bit flabbergasted.  My science / engineering and history background tells me that the market is currently not even close to a true reflection of the US and world economic reality.  I keep saying we will not truly be able to understand or appreciate this period of time for another five to ten years.  However, it still feels like there is a middle ground approach that this world has consistently missed. The issue is, as always, how something can be done - not that should or even could it be done (i.e. can the laboratory conditions be replicated consistently in the real world?).  Anyways, I digress - what did I buy.

No purchase or account fees were paid this month (* indicates a new position, which will be discussed below):

SALES: GPS, KTB, and YUMC - all shares, wash sale (total proceeds of $925.39)
AXP - 2 shares @ $99.61 ($199.22), $3.44 income added
CM - 2 shares @ $68.99 ($137.99 total), $7.10 income added [approx. $CAD]
GD - 2 shares @ $153.83 / share ($307.66 total), $8.80 income added
JNJ - 1 share @ $139.46 / share, $4.04 income added
KO - 3 shares @ 45.66 / share ($137 total), $4.92 income added
CSCO - 2 shares @ $46.80 / share ($93.59 total), $2.88 income added
RY - 5 shares @ $68.28 / share ($341.39 total), $13.10 income added [approx. $CAD]
Total Invested = $1356.31
Annual Income Added (AIA) = $44.28

Income lost due to YUMC cut = $5.72
Net: +$38.56

CSCO - 2 shares @ $46.04 / share ($92.08 total), $2.88 income added
LEG - 1 share @ $34.07, $1.60
Total Invested = $126.15
AIA = $4.48

Standard IRA:
FLIC- 9 shares @ $14.98 / share ($134.80 total), $6.48 income added
Total Invested = $134.80
AIA = $6.48

Invested = $1617.26
AIA [net] = $49.52

Sales and Cuts:
YUMC: I received this as a spinoff from YUM, and I was pleasantly surprised by their initial dividend growth, however they have fallen off a cliff in terms of the dividend.  I locked in a huge gain on this sale, and it washed my losses to the point where I am slightly ahead.
GPS & KTB: As I stated last month, I did plan to sell these two, and I did after a minor recovery.  Overall they are a disappointment, especially KTB.  That said sometimes the lesson is worth the weight, and the recovered cash will go be a lot more useful than these two anchors are at the moment.

I will update my portfolio page at the end of the month.

What do you think of these companies?

- Gremlin
- Long most tickers mentioned, except GPS, KTB, and YUMC.


  1. Like you I am also thinking about my YUMC and KTB since they halted their dividends. Both entered my portfolio via spin off but now I see it as dead money in my portfolio. I'm still holding them but they are on my shortlist for a sell. Nice to see the buying continue. I also added to some stocks in June.

    1. DH,

      Thanks for the comment. I understand holding, perhaps they can fetch a bit more $ before you sell. Otherwise, I agree with that long term sentiment - or at least medium term. It is nice to continue buying!

      - Gremlin