I continued selling some more shares this past Friday. The market was up again, and I used the uptrend to exit out of two more positions. I sold off 51 shares of AbbVie (ABBV) and 39 shares of Chevron (CVX).
Here are the details of the two transactions:
51 shares of ABBV for $36.87/share
39 shares of CVX for $115.00/share
Total Gains: $6355.30.
I now have $17,198.88 in cash in my brokerage account.
Thanks to the good suggestions from other fellow dividend growth investors, I have a better idea of some additional moves I will need to make next week.
I also visited my loan officer yesterday (Saturday), and walked out quite confident that I will be able to secure a loan for the new rental property. There were some new details that emerged in our discussion, ones that will force me to alter my approach to coming up with the $70,000 downpayment. I will update the details soon, in a future post. So far, so good.