Yes it's true, there was a large sell order for my portfolio today. I decided to sell off the overweight portion of $GAIN within my M1 Finance portfolio. It was $1370 overweight at the time of placing the sell order. Now that I have finally sold off this large chunk my portfolio is finally within balance by 1% on all holdings. This is good because now the reinvested dividends will begin to be spread evenly amongst the remaining holdings. So this week we sold off $UTG and trimmed up $GAIN.
This move allows me to have more cash on hand because I didn't reinvest those funds anywhere else. They are on their way to my bank account as we speak, actually!
- $GAIN sold 101.26016 shares for a total price of $1370.01. I now have 115.5318 total shares.
- Expected monthly dividend from $GAIN is now back down to $7.89.