Hello my precious readers! Just wanted to give you a quick update. Today I sold out Canadian Natural Resources and Norfolk Southern.
1. Canadian Natural Resources
Canadian Natural Resources is probably one of the best oil&gas companies in Canada but I wanted to reduce oil&gas exposure and take the sweet capital gain. As you know I have been buying quite a bit of oil&gas companies or oil&gas servicing companies for a while since the oil crash and I feel that 30% of gain is good enough for me to exit. I may repurchase it again if the price gets attractive but until then I will look for other companies for now.
Sold 122 shares at $37.12 less 9.99 commission netted $4,518.65. Including dividend of $84.18 during last 7 months of holding, total gain is $1,104.14 which is about 32%. I will take it 🙂
2. Norfolk Southern
Norfolk Southern is one of my favorite companies. Well… it is a railway and due to its monopolistic servicing power and high entry to barrier, the company made so many investors very rich over time. I am sadden to let it go but I needed some US dollars to buy more attractively priced companies which I will post when purchases are made. So long Norfolk. It has been great. I will buy back when opportunity knocks again.
Sold 34 shares at $90.20 less 9.99 commission netted $3,056.74. Including dividend of $40.12 during last 9 months of holding, total gain is $308.25 which is about 11%. I will take it 🙂
That’s it for today! Stay tuned to see what I purchase with the new capital!
See the following links for excellent ways to save money and invest.
- 30 most important tips to be a millionaire no matter how much you make.
- Renting vs Buying
- 16 most important tips to save on car insurance by 40-60%
- Norbert’s Gambit- Save thousands of dollar from foreign exchange conversion fees
- What’s in my wallet
- Needs vs Wants
- 20 smart moving tips that will save you time and money
- How to save $1,000 annually from your TV cable bill
- 7 extremely easy tips to save 20-50% on flight tickets
Check out my portfolio page to see what stocks I own and the following article for more investment tips-How to Simply Invest and Get Richer for Dummies in 8 Easy Steps.
If you are also a dividend investor like me, then you should check out the following page to see how other dividend investors are doing. You won’t regret a moment of reading their valuable and inspirational articles. The Blogroll
Hope my recent buy & sell updates inspire anyone who is dreaming of becoming financially independent. I am not there yet but I am happy to share where I am and where I will be headed along the journey to be a millionaire thus financially more independent. Don’t dream on winning lottery or a jackpot from your local casino. That’s not going to happen to you.
Dream on something that is so real that you can catch it after executing easy passive income strategies. It is not going to take very long to see the results and I am sure you can do it as well. All you need is a strong commitment for your future. Start your first step right now and come along for the million-dollar journey. Hang in there because your loved ones got your back (and I do as well)