As the saying goes - hindsight is a wonderful thing. I am writing this about my next investment and looking at what I had been doing, my initial thoughts were why did I do that? As I explain the history you will see what I mean. The Referendum to decide if the UK should stay in the EU or not was just over a month away, and I knew things were going to be quite volatile in the run up to it. So I decided to sell my 190 shares in Anglo American plc as I needed some cash to purchase shares as I felt the market may drop straight after the vote. These shares were showing a overall profit of about 27% and I had only held them for 2 months.
Additionally since 6 April 2016, GlaxoSmithKline had paid a dividend of £30.96 and HSBC holdings had paid a dividend of £30.96
With the sale of Anglo American plc and the dividends I now had over £1,350 to invest in shares, but as I watched the market start to fall over the following 10 days I realised the Anglo American plc share price had dropped by nearly 15%, so I could not help myself - I purchased 229 shares. My new holding was 39 shares more than the holding I had sold. What can I say?
http://www.angloamerican.com
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