I’ve done a little portfolio house cleaning the past few days. Yesterday I closed out my position in JetBlue (JBLU). I sold 50 shares at $25.36 per share. I held JBLU for 8-months and turned a profit of $439.26. I really like the company and I think it has a strong earnings future. The only reason why I sold is because JBLU does not pay a dividend. I knew this when I bought it, but after some reflection I decided that by the end of 2016 I want only dividend paying stocks in my portfolio. Selling now allowed me to keep my gains and returned me $1,704 dollars to reinvest in another stock. Right now I am looking at ADM, UNP, or CMI to put this money towards.
Have you sold any positions lately?
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