Sell Rayonier (RYN)
05/28/2010 3:14 pm EST
I’m looking at a 2% drop in the price of a Rayonier share since I added it to the portfolio on November 9, 2007. On a total return basis—that’s capital gain (or in this case loss) plus dividend payments—I’ve got an 8.4% profit.
With this sell Jubak’s Picks will be about 33% in cash. I’m still looking to add a little more to my cash position as we move into summer and as we get closer, I believe, to the time to buy emerging market stocks. But my cash position is getting near to where I want it.
Full disclosure: I will sell Rayonier out of my personal portfolio three days after this is posted. I will also be selling Rayonier out of my Jubak Dividend Income portfolio today.