I had bought CSX way back around 2007, it has been a reasonable dividend payer and I reinvested my dividends and the stock moved up and down in a range from $19 at the time of purchase to the mid $30's for most of the time.
In a recent burst of activity however the stock reached $47 and so I took the opportunity this week to sell some of my holding to recoup my initial investment.
I sold just over half of my holding leaving me with stock in my portfolio. Taking the recent profit means that I returned a little more cash to my pocket than my initial investment of $1,000
It is always nice to take a profit like this and is a good way to increase ones portfolio.
With the profits I added to my retail exchange traded fund investment, XRT.
I see a volatile future to the markets and I have reduced most of my individual stock investment in retailers as individuals to zero. To add some depth to a risky area of my portfolio I decided to invest in a ETF which covers the retail sector instead. Risking less volatility in the long run.
In the interest of openess I hold stock in CSX and XRT. This post is not intended as financial advice it is just a diary of my own investment strategy and you should seek advice from a professional investment planner if you are uncertain as to investment strategy.