SHARPE INCOME … Buying Wells Fargo (WFC), Selling TLT

Posted on Feb 17 2016 - 10:19am by Dan

The original Sharpe Income post that explains this project can be found here.

The Sharpe Income category be found by clicking on that red ‘Sharpe Income’ tag next to this post title, or by clicking here.

We continue the discussion from the last entry.

We began this project with $500. All in an effort to help out the small retail investor understand the importance of growing an income account, as opposed to a trading account.

We are going to take the moves we mentioned yesterday, according to the plan we outlined.  For Income assets, we are going to buy Wells Fargo (WFC). For this project this equates to 12 weeks of capital contributions, or in this case, ~$300.00.  For this project, that means that we will purchase 6 shares.  

We will also be selling TLT at these levels for this projects embedded Capital Gains strategy.  Remember that since many of these brokers offer ETF’s commission free if the instruments are held for more than 30 days, there will be no commissions charged for sale of TLT.  We can always buy back into TLT in that category, at any time.

We will update the spreadsheet with these moves, in a few hours time.

The link to the Google Drive Spreadsheet that you can view, that we will edit, build upon and refer to over time can be found at this link.

We continue the Sharpe Income project with this next entry

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