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.
Finally, a Johnson and Johnson check
April 11th, 2014 at 04:32 pm
April 11th, 2014 at 05:11 pm 1397236311
You must be talking about Magellan. It's not done that well since Peter Lynch retired.
April 11th, 2014 at 06:49 pm 1397242189