(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 selling American Express (AXP) out of the project. We had stated the other day this was a possibility, and there is no time like the present. This can be done any time today.
So for the purposes of this project, we will sell American Express (AXP) today, and keep the cash that is left from that sale dedicated to another income producing asset. For now, we will simply mark this as “Income Asset #3” in upcoming PDF’s. With the new position, we are hoping for a bit more stability, and a higher yield. While at the same time, gaining a bit of diversification.
We will announce the new asset we are going to purchase in the future …
(We will continue the free ‘Sharpe Income‘ Project in this next entry)