Our portfolio updates for the week ending on October 18, 2024 are as follows.
Put In A Sell Order For ABR
Last week we turned the DRIP off on ABR, but it’s gone up in price too much that it now takes up almost 6% of our portfolio. So, it’s time to sell.
We placed a good-until-canceled (GTC) limit order to sell 33 shares for $15.65 of our beloved Arbor. This will bring its allocation to under 5% of our total portfolio.
You don’t have to have the same 5-6% rule that I do, but we highly suggest doing something similar for your allocation strategy. We learned the hard way what happens when one stock tanks your portfolio.
>> Why You Should NEVER Have Too Much Of One Stock <<
Speaking of Arbor… Carm stumbled onto a company called Arbor that helps people save money on electric. It seems like they monitor energy rates for you and make the switches automatically.
We haven’t tried it out and aren’t sure if it makes sense to since we’ll be selling the condo soon. But I might get my parents to sign up to see what it’s all about.
It looks way better than the cumbersome rate switching nonsense of the past. This might be the answer to avoid locking into supplier that jacks up their rates after the intro period.
Check Arbor out here. And let us know your experience if you use it.
Our Limit Order On HTGC Hit
If you remember from last week’s portfolio update, we put in a sell order for HTGC since the DRIP was already off and it was still pushing our risk mitigation allocation threshold of 6% of the portfolio.
HTGC hit our limit price of $20.41 and thus sold 49 shares of our holdings. That freed up $1,000 in cash that I’ll have put to work in something fun. Stay tuned.
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