Rebalancing a TFSA
I'm cashing out of Shaw Communications (SJR.B) today. I'm up 45%, due to the buyout announcement from Rogers, and I've decided that's good enough. I was dollar cost averaging into them as their stock price was falling over the last few months, and this boost has far surpassed my short term goals, so I'm selling before the deal potentially does not go through. I also close two other industrial positions that I hold, for similar reasons. Take all the money from these sales, and reinvest into several of my positions that are currently in the red, and open two new positions. Just by shifting the money around today, my annual dividend income rose by $10/year too.
You can get the Dividend Tracker Google Sheet that I use in the video here.
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Disclaimer: I am not a financial professional or advisor. Nothing on this website or the associated social media accounts constitutes financial advice. I'm just documenting my own investing journey and don't suggest that you do the same. Investing is risky, so make your own decisions or hire a qualified professional make them for you.
I'm documenting the growth of a Canadian dividend investing portfolio and make videos about dividend investing, Canadian stocks, Wealthsimple Trade, Google Sheets, personal finance, and passive income.