Recently I’ve done a lot of thinking about utilizing a sell strategy to optimize ones investment account. In this post I attempted to get some feedback from you guys on when it is a good time to sell. There were a lot of insightful comments and I appreciate you guys sharing your thoughts with me. The following sell does not represent any of the reasons we discussed in the comment section. I made this sell for one simple reason: free up cash for an upcoming real estate purchase. There was nothing wrong with the company nor was I attempting to use the funds to purchase other stocks (altough I had been thinking about it). Just moving funds from one type of investment to another.
I purchased AT&T in two lots:
- 200 shares @28.47 in March of 2011
- 100 shares @ 29.89 in July of 2011
Total funds used for purchase: 8683.00
On Wednesday I sold 300 shares at 38.25 for a total of 11475.00. Add to this dividends of 697.00 and I received a total return from AT&T of 12172.00 or
28.67% 40.18% This is a gross return. I have not included trading fees or taxes. As I mentioned before, the only reason I sold AT&T was to free funds for another investment. I’ve been happy with T and will most likely add it back to my portfolio, but not at todays levels. It will take another dip before I would buy again.
Wish there was more I could tell you guys about my decision to sell. It’s cut and dry. Let’s hope that I can get as good a return off the real estate as I have AT&T. I see a lot of future posts coming from the real estate investment. Wish me luck.