This is somewhat of an infrequent occurrence for me, but at some point you have to put your "money where your mouth is" I suppose and act. I've been saying a lot recently that many dividend-paying stocks are becoming overvalued, and if I truly believe that, then I should make decisions based on that premise and ACT.
As such, this post will detail my recent sell of American Electric Power (AEP). Though I rarely ever sell the stocks I purchase anymore, when I achieve a very nice return and then also believe that that particular stock is overvalued, I will in fact sell and look for better opportunity elsewhere. Again, this is a rare occurrence, but it does happen. Thanks fully I achieved an annualized return of 17.99% from this investment.
I am currently 32 years old. Watch me achieve financial independence and retire before 42!
Showing posts with label AEP. Show all posts
Showing posts with label AEP. Show all posts
Monday, July 18, 2016
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