Monday, January 12, 2009

Reduction in IRA: TC WITH Liberty Media bond-50 shares of PKK

I mentioned in a prior post that I was in my opinion over exposed to Liberty Media bonds.Dynamic asset allocation shifts: from long bonds to commodities  I own both PKK and PIS.  The PKK went ex interest today and my total position in it is 250 shares.  Of that, 50 is held in a retirement account and was transferred from a regular IRA to a Roth IRA on a day its value was less than 10 dollars (on 11/21/08 WITH A CLOSE AT 9.55, one of the timed partial Roth conversions that I have talked about).  I sold that 50 shares a few moments ago at 16.05 and I am keeping the 200 PKK and the 50 PIS held in a main taxable account plus 50 PIS in the Roth IRA transferred at the same time as PKK from the regular IRA.  I hope that this makes sense. DISCLAIMER:

  I am not a financial advisor but an individual investor trying to navigate my way through a difficult market. In these posts, I am acting as an unpaid financial journalist and an occasional political commentator.   I am also aggregating financial news stories that I view as important and providing any reader of these posts, assuming there are more than a couple, with links to those articles, sort of a filtered, somewhat intelligent, free search engine.  Any discussion made by me of particular securities  is not a recommendation to buy or to sell.  Trade at your own risk.  Consult with your financial advisor prior to making any purchase or sale. I will try to identify my sales too but it may take a few minutes after I implement them to create a post explaining my reasons.  The sale may before or after the post.  Before buying or selling any stock, even one recommended by a trusted financial advisor,  please research it and make up your own mind which is what I always try to do.  Research would include reading reports, reviewing financial records, earnings estimates, sec filings and prior earnings releases and news.  In this post, and all others by me, I am merely describing my reasons for purchasing  or selling securities, and the potential pitfalls that I identified prior to purchase or the reasons for a sale.  The securities mentioned in this and all posts written by me may not be suitable for others based on their unique financial position and risk profile.  Always read the prospectus before buying a Trust Certificate, bond, preferred stock or other bond or bond like investments.  Information contained in my posts has been obtained from sources believed to be reliable but cannot be guaranteed.  These posts by me do not constitute investment advice, nor shall they be construed as a guarantee of future results, or as an offer of any transaction in securities.   All content in these posts is provided for informational and entertainment purposes only, and it is a form of entertainment for me. 

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