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Finally, a Johnson and Johnson check

April 11th, 2014 at 09:32 am

I decided the end of March, to close some accounts to pay off the last piece of land we owned.
I chose to close two old mutual fund accounts that had not progressed very much.
I also chose to close up 4 stocks.

Well, the mutual funds closed rapidly, but the 4 stocks have taken forever. I chose Johnson & Johnson, Intel, Wendy's and Tim Horton Inc.

Then I found out that I could not close Tim Horton without a broker, so I transferred that stock to my Edward Jones account instead.

I chose another mutual fund to close. It was my only load fund at Fidelity and I have had it since Peter Lynch was there. (Anyone remember him?)

Tim Horton's has transferred and I am glad of that. I have decided not to cash it in at this time.

I finally got my first check yesterday from the stock sale of Johnson and Johnson. It is on the way to the bank to make up for the money I spent paying off the land.

The land I paid off was very nice. It is a lake view lot, with lake access and a boat dock. We plan to build a spec house there someday.

2 Responses to “Finally, a Johnson and Johnson check”

  1. Another Reader Says:

    Can't build a house on stock certificates!

    You must be talking about Magellan. It's not done that well since Peter Lynch retired.

  2. Ima saver Says:

    Yes, you are right. I was talking about Magellan!

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