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Taking Profits

10/20/2017

I contributed $75 to my IRA and $25 to my brokerage.  I increased my weekly contribution to my IRA from $50 to $75 from this point forward.

10/24/2017

I sold the GWW stock I bought earlier in the month.  I sold 3 shares for $198.91, total cash from the sale was $589.76.  I paid $541.04, so I turned a profit of $48.67.  This profit is not taxable as long as I leave it inside of the IRA account.

GlaxoSmithKline plc (GSK) is a pharmaceutical company engaged in the creation, discovery, development, manufacture, and marketing of vaccines, over-the-counter medicines, and health-related consumer products worldwide.  I bought this based on an article I read on zacks.com that suggested it could get a big bump if it beats its earnings forecast.  I bought 19 shares at $40.4774 each for a total price of $776.02.

Followup:
Despite beating the earning forecast the price still went down.  I’m not sure exactly why this happened so I decided to hold the stock to see what happened next.  It does pay a dividend so at least I was making something off of it while I held it.

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