(We continue ‘The Sharpe Income‘ Project from the previous entry)
For the free ‘Sharpe Income’ project that we run here at Sharpe Trade, we are actually thinking about swapping out one of our income producing instruments.
Is it Wells Fargo(WFC)?
No. I’m not really concerned about Wells Fargo (WFC) in the slightest.
Specifically we’re thinking about swapping out American Express (AXP). In other words, selling American Express (AXP) in it’s entirety, and replacing it with another dividend paying instrument. We have the maneuverability. At the moment, the entire project is up around ~4.30% for the year, holding American Express (AXP). So if we dump it, it’s not going to somehow ‘hurt’ us in the future.
Why are we thinking of selling American Express (AXP)? Well, we will share that in a few days with the clients of our Short-Term trading course, in the ‘Supplemental Library’ we have created for them. However, suffice to say for the purposes of this entry that we think we might be able to have the project perform better in the future, replacing it with another instrument.
We have not taken any action as of yet. We’re still chewing on the idea. Considering the variables. At the moment, we’ll stand with American Express (AXP). But know that this is something we are considering. Just consider this entry a ‘heads up’, that in the coming weeks, you might possibly see an entry announcing that we are selling American Express (AXP). Then again, perhaps not.
We’ll just have to continue the project, and how it behaves …
(We will continue the free ‘Sharpe Income‘ Project in this next entry)