I bought First REIT just recently. After the share price rose by more than 10 cents in the last month or so, I decided that it was a good time to lock in some profits or more than a thousand dollars. Just sold off the 10 lots that I owned at 89.5 cents a share. Most of the time, First REIT trades at sub-80 cents level and I guess that is where the price is probably headed to. If so, I will probably pick it up again when it reaches my desired buy price.
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That's a good move. One has to stick to their discipline and sell when its time to sell. Discipline and knowing when to buy and when to sell and then sticking to those targets is critical.
ReplyDeleteof course on hindsight, you would probably keep this since it is giving a pretty decent yield and capital gain.
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