Recent Sell: Colgate-Palmolive Company

I’ve been thinking about this move for quite some time now. I generally don’t like to sell my holding but I suppose every rule has an exception. I originally opened positions in certain bond-like stocks mainly to park money in order to benefit from strengthening dollar. Colgate-Palmolive served that purpose well and most likely would have continued to do so. In general I don’t like to time markets but we are living exceptional times at the moment. Should there be a market correction perhaps triggered by Mr. Trump, I prefer to have this extra ammunition in place for that. And should there not be a market correction, such short term correction might occur for single companies. Defence and space is something that I would like to increase my position in. Then again it might make sense to lock in some of the forex gains by converting dollars back to euros if my forecast about parity ends up being accurate. This remains to be seen.

This was the reasoning behind the decision to sell my 50 shares of Colgate-Palmolive for 64,75 USD per share. In retrospect this should have been done some months ago when the stock was ridiculously expensive. During my ownership I collected 223,50 USD as dividends. I originally paid 65,37 USD per share but currency changes resulted almost 30% profits.