In May I suggested that the time had arrived for me exit...stage left. With my plan to spend at least three months in Arizona this winter I'll be officially "semi-retired". Time to cash 'em in methinks. As is so often the case, as soon as I decide to sell, the bottom falls out, and that's exactly what happened. In June I posted a chart showing what happened to my bank stocks as soon as I placed my sell orders.
Well, the story has a happy ending after all. The TSX in general and the banks in particular rallied this month and I was able to sell all three banks, BMO, RBC & TD at fifty-two week highs. You gotta know that after I sold they continued to go up. What's new? Doesn't matter. I did really well on these three and will not look back. I also sold my Suncor, leaving only a few penny stocks in my trading account. With all the money parked, for now at least, in the Bond Fund I am after all these years truly a Passive Investor. To be honest, it feels good...been sleeping better than ever!
I do plan to hang in here at TPCI and chip in from time-to-time. After all, as a semi-retired boomer, I should have more time to write.
IMPORTANT REMINDER:
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
Well, the story has a happy ending after all. The TSX in general and the banks in particular rallied this month and I was able to sell all three banks, BMO, RBC & TD at fifty-two week highs. You gotta know that after I sold they continued to go up. What's new? Doesn't matter. I did really well on these three and will not look back. I also sold my Suncor, leaving only a few penny stocks in my trading account. With all the money parked, for now at least, in the Bond Fund I am after all these years truly a Passive Investor. To be honest, it feels good...been sleeping better than ever!
I do plan to hang in here at TPCI and chip in from time-to-time. After all, as a semi-retired boomer, I should have more time to write.
IMPORTANT REMINDER:
Nothing on this site should ever be considered to be advice, research or a suggestion or invitation to buy or sell any securities. Every investor should do their own research and consult their own finance guy. See full DISCLAIMER.
As always, Good Luck & Happy Investing!
