Taking Profits


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.


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 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.

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.

Follow this Blog!

Subscribe to receive the latest blog posts and trades by email.

We won't send you spam. Unsubscribe at any time. Powered by ConvertKit

Leave a Reply

Your email address will not be published. Required fields are marked *