Last week I sold one of my Mutual funds. As I wrote in my month review (here), I calculated that the low ROI of this mutual fund was not compensated by all the tax advantages. So that made the decision very easy and I sold this fund. With this cash, together with the dividend I collected in April and May, I have enough money to make two new purchases.
Which stock to choose? Because I’m a firm believer of “time in the market, rather than timing the market” I did some digging. I started of course with my watch list (here).
My first purchase this month is in the Information Technology sector. This is a sector that is not present in my Vrijheid Fonds at this moment. So I did my Pollie-style analysis on Microsoft and decided to pull the trigger this afternoon.
Today (June 1) I bought 32 shares of Microsoft Corporation at $47.09 per share (incl. fees). For more information and my analysis on MSFT just read my analysis here.
With this buy, I added a little bit more than € 15 (after taxes) of dividend to my Vrijheid Fonds for this year. The projected dividend income for 2016 for MSFT is € 30.
Again a small step in my journey. And one step closer to my goal.
Has anyone else invested in this company recently? Any feedback is greatly appreciated!