Selling Already

I have made a momentous decision. I am selling the Poly contract that I just purchased. I started the purchase in January, but it was finalized in March. I bought 50 points (stripped contract) for $150/point. I am listing at $191/point and will make a profit of about $500 even considering all closing costs, commission and other fees. Who knew I was just investing my money rather than buying into the Poly? I didn’t! But right after I purchased both this contract and a fully-loaded OKW 50 point contract, I had to make major repairs to my sewer line. Getting some of that money back will be nice. And I am now considering a direct contract for OKW if I can get it. No rush on that though.

It was surprisingly hard to give it up, but I feel it’s the right decision. I did wonder if I should wait to see if prices go up higher, but that feels like tempting fate! Who knows, maybe I won’t get any nibbles on $191.

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Good luck, I can imagine that was a difficult decision.

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$191?! Wow that is insane! And it will sell!

Good luck!

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I know! I am looking at it as $500 earnings is not bad for a few months investment of about $8000.

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I was thinking about this - how it might be a good idea to buy a few contracts at the same time, then use one and sell the others if / when they appreciate. If the prices weren’t so insane right now I might consider it. :joy:

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It’s super uncommon for it to appreciate with this rapidity. Sure if you bought in 1991 you’d make a killing now but overall it’s not a good investment.

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Yes this market increase is nuts. My OKW has not appreciated that much, but the Poly - wow!

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I was starting to think my Poly contract was not going to sell, but this morning I got the news that it did! Yay! Now to decide for sure if I want to turn around and buy some OKW direct. :grin:

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Still thinking on it? :thinking:

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:rofl::rofl::rofl:
No. The thinking took maybe a minute. And an hour later the points were added!

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They make direct purchases way too convenient, don’t they? Congrats!

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