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Thursday, May 14, 2015

Finally getting rid of Glentel Inc. (GLN) in my non-registered and TFSA portfolios

"FINALLY" is by far the most perfect word. I am too often an impulsive investor. But I only hope to become better while aging. After all, this hot chick will be turning 35 sometime in August. I like to invest in whatever announced a special dividend like the cutest rabbit. I invest in whatever BEFORE a stock split announcement, acquisitions... I adore. Nice, but sometime, following an announcement, it take a long time before a deal is being closed. And its been the case with Glentel Inc. (GLN). However, on May 20, the deal is supposed to be closed. I should received my money soon, May 20 if I got it right. I will be cashing in close to 4k.

This is very good news because I had enough of holding Glentel Inc. (GLN) in my TFSA and non-registered portfolio. In my non-registered portfolio, the sell of GLN will help to decrease my margin usage. As for the TFSA, the money will be reinvest. In what? I don't know yet.

Good Canadian dividend payers are common, its just a matter of doing the right pick.

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