Friday, March 17, 2017
SOLD JMP, BOUGHT GAIN FOR A 25% INCREASE IN MONTHLY DIVIDENDS!
While preparing my taxes, I realized I could simplify next year's return by selling my stake in JMP (a limited partnership) in my taxable account. Not wanting to lose the monthly dividends, I decided to reinvest the money in GAIN. Not only will this make future taxes easier to prepare, but it locked in a small gain on JMP and increased monthly earnings on this cash investment by 25%! Tax time is a great time for fine tuning your portfolio!
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