Forced to Sell Some Stuff, Oh Well

Without going into details, I’ve decided to sell some of my investments in order to use the cash for something else. I had almost no warning of this opportunity being available, and had to act quick.

Of course, I should have planned this better. Most investments that I have were profitable, so I am forced to pay capital gains taxes (and other taxes) in order to withdraw the money to invest elsewhere.

But taking this money out of my company and into my personal hands should increase my financial flexibility in many ways. The tax owing will be paid, and it’s not too bad.

Today, we said goodbye to:

UMAX – Hamilton Utilities Yield Maximizer ETF

This wasn’t a great investment. I made money from the dividends, but lost a bit of capital. Net positive, but could have invested in a high yield t-bill fund and done better. Up 1.7% total return.

FFN – North American Financial 15 Split Corp Preferred Shares

I still believe in preferred shares. I just need the money. Another example of being up on dividends, and having a small capital loss. Net positive, but I hadn’t owned it for long. 1.4% total return.

VCN – Vanguard FTSE Canada All Cap Index ETF

Still I made 6.5% from this, and haven’t owned it long at all.

VGRO – Vanguard Growth ETF Portfolio

Also made 6.5% from this, for the short time that I owned it.

DBL – Doubleline Opportunistic Credit Fund

A decent 12.7% total return. Most of that was dividends but I also made a capital gain as well. I am starting to think interest rates will take a longer time before starting to fall.

Completely sold out of these funds. I might get back into them in the future if I have some free cash. But for now, we say goodbye.

I do have some more sales to do. Maybe I will just reduce shares in some of my other investments.