Sold Entire NRP Position

In the spirit of tax loss selling and raising yet more cash for what I anticipate will be a nasty climate, I sold my entire position in NRP for $15.18. The cost basis of much of this position (before some profitable swing trading and distributions) was about $20, making the realized loss on the trade (24%).

That is alleviated partially by distributions (about 8% on the position collected over the year I owned NRP) and some profitable trading – the real net loss still stands a little north of 15%. As a percent of my book (from initial investment) the loss was roughly 1-2% of assets. This does not change my recent performance; year to date gains remain north of 15%, thanks to a very lucky batch of sell orders I made last week.

This was my worst performing investment and I’m happy to have scrubbed it off the books.

I do like NRP and the steps they’ve taken to diversify their operations. I think it pays off for them. But there are better places for my money right now…like my pocket.