Just an update, I sold half of my Realty Income position this morning. My last purchase was at $38 and it's up at $49 right now. That's a pretty big jump and Realty Income is now well above its average price/FFO. I just love Realty Income, but I've learned my lesson to sell when it's high: Realty Income plummeted during the 'taper tantrum' of 2013. While I don't see that happening again, valuations are close to where they were back then so I just halved the position. I typically add more shares of Realty Income when share prices near $40 or drop below.
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