We had drifted apart. At first it was barely noticeable, but as time went on I saw how she would gently pull back her arm back when I reached to touch her. We were headed in different directions. Time passed she grew colder toward me. I desperately tried to make things work. Then on November 1, 2007 we agreed to a trial separation for a period of time. It was a difficult time for me. I kept wanting to run back to her, but I restrained myself knowing she had some issues to work out.
Then it happened! The thing I feared most - on Tuesday January 15, 2008, I caught her in an act of infidelity. There she was embracing the one I despised the most. At that point, I knew it was over between us. I immediately severed the relationship. C, I hope you enjoy your life with Mr. Div I. Dendcutt. For me I'll pick up the pieces and move on.
Breaking up is never easy to do. Citigroup's dividend drop on Tuesday has been well publicized. I had anticipated this happening and sold C in my taxable account on November 1, 2007; however, that doesn't make it anymore palatable. As is my standing practice, I immediately sold C (held in my IRA) once I learned the dividend had been cut. That is Rule #1 as to when to sell: When an individual stock held as a dividend investment drops its dividend immediatly sell it.
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