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Technology Stocks : KMI- a fallen high dividend yielder - for how long?
KMI 16.92-1.6%Jun 29 4:00 PM EDT

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To: robert b furman who wrote (52)6/29/2018 3:47:12 PM
From: E_K_S  Read Replies (2) of 156
 
Some tax loss harvesting. Sold 40% of KMI at $17.75/share w/ the expectations to Buy this stock back in 31 days. Will miss the $0.20/share dividend but will buy back position reducing my cost basis.

These shares had a high cost basis about $41.00/share when the MLP converted to a C corp. Nice that I can harvest lots of long term gains to offset this loss so timing is good w/ market at/near all time highs.

My other pipeline companies doing good, ENB, PBA as well as the MLPs I hold. KMI by far had the highest cost basis with this sale at $30/share. When I finish my re-buy s/d get avg cost down to around $24/share. Then if I sell the other high priced shares (I need to wait 30 days on the sale and 30 days on the buy) in Aug/Sept, I can Buy those back in the Nov/Dec period.

Therefore, to avoid the 'wash' rule need to do those sales now if I do 50% of the high cost shares (ie 2 separate sales) in two batches.

Maybe we will see KMI work it's way back to $30.00/share where it traded in 2014.

EKS
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