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MORE DEAD MONEY. SELL BLOK

Welcome to the 6th year of Dividend Income Investor.
Before buying any investment, go to Core Portfolio for a listing of current positions.

Image result for memorial day 2018

May 24, 2018.  BLOK has a good story when we bought it back on January 17,  The Companies were involved in developing the block-chain technology which is supposedly revolutionary.

The directive of this blog is investing in dividend paying positions.  BLOK was the only holding that we own that does NOT pay dividends.  We expected price appreciation and at the time did not care about the lack of dividends.

This thing has done nothing.  A flat-liner.

So we have dead money.  BLOK is now priced slightly above what we paid, and WE ARE SELLING.  Of course BLOK can take off from here and we will regret this sale.  But at this point, we don’t care and will get into something that pays us on a regular basis.

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