Sold Mattel (MAT) 27 Shares @ 23.13/Share
Total Proceeds - $624.51
Today I had to make the tough call of selling off a company that I feel doesn’t have much going for them. Recently I thought about adding shares to Mattel, in order to average down my cost basis. I ended up just selling all 27 shares because I feel like this money can be used in a better investment. There has been talk of a dividend cut or freeze and I don’t think that has been priced in yet. Trying to catch a falling knife is always a bad idea and has a certain level of risk that I am not willing to take. At the same time I am unsure of what I will be doing with the funds from the sell. RetireBeforeDad just wrote a great article on why he sold Mattel.
If you get a chance please vote on my newest poll on the right labeled “Which Company do you think will Experience the Most Growth in 2015”?