Jul 03 2019

My Latest Trades: VFL, DMF (sells); PNNT, HQL (buys)

Photo of stock ticker board
June was certainly an unusually busy month for trades, with two sells and two buys. With all the dividend cuts my portfolio has suffered this year, I decided to sell off some low yielding (but tax-free) stock and buy stocks with higher yields. Plus I needed to tap my portfolio for some cash to cover some July expenses. I HATE selling assets to raise cash to cover expenses, but sometimes it becomes necessary to do so.

First, I sold off all 300 shares of VFL at $13.25 per share, which was used to buy 300 shares of PNNT at $6.5445 per share and 65 shares of HQL at $15.8692 per share. My timing of the stock buys wasn’t too bad. My PNNT buy at $6.445 was well below its approximate 52-week average of $7.025, and my buy of HQL’s at $15.8692 was below its 52-week average of $17.315.

Later in the month, I sold 85 shares of DMF at 8.60 per share. Considering how its 52-week high is $8.61, my timing was very good.

Overall, this series of sells and buys worked out well. It gave my projected monthly dividend income an approximately $8 boost and I got some additional cash to help cover July expenses.

Image Credit: AhmadArdity (pixabay.com)


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