Thursday, July 18, 2013
Sold My S&W Stock This Morning
It was having trouble breaking through $11.25 per share, and that's above the current tender price. Nor does it pay a dividend, so it makes more sense to take the >$3 per share capital gain, and invest it in something that pays a dividend, such as bonds -- which are beginning to move into the realm of being merely disappointing on their yield, instead of effectively zero.
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Congratulations! It's never a bad time to make a profit! I wouldn't put money in bonds now, though. Interest rates will have to go up over the longer term and you'll lose a lot of potential capital appreciation and you will be able to get a better interest rate later. I think it makes more sense to find a stock or master limited partnership that pays a decent dividend.
ReplyDeleteGood luck - with potential retirement (I truly hope you'll be able to before too long) and your health.