So today I am selling the remainder of my FGL. It was not a disaster, I made about a 1% gain. I have decided to replace them with GPS (Gap Stores). GPS is a stock I have considered many times as an MFI stock (so right there you know it is a decent company at a reasonable price). They pay a dividend of about 2%, so on the low side for my divvy portfolio, but so was FGL. They announce earnings tomorrow, so I will get instant excitement. I have been wanting to have at least one retail play, GPS seems the best for me. Finally, my newsletter, Trifecta stocks recommends them. So
- They are MFI stock,
- They are a retailer with decent dividend and
- They are a trifecta stock. I guess that is a trifecta in of itself.
I also increased my position in my BAC warrants by 33%. They have pulled back from over $8 to $6.80. It seems like a good entry point for something I plan to hold 4+ years.