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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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TRADE #27 - Sell FBR 365s @ $12.20 in Roth IRA



I sold 365 shares of FBR @ $12.20 in Roth IRA today. The 365 shares were from the merger between FB and FBR.

FBR gained 20% since the merge was finalized in April 1. With an adjusted quarterly dividend of $0.34 per FBR share, current yield retreats to 11.1% from 14.4% when I acquired FB. While still high, the uncertainty of FBR's investment banking business, coupled with the already-decades-low interest rate environment, makes further dividend increase highly improbable.

This roundtrip transaction has an ROI of 31% and ARR of 137%, a good start of my Roth IRA establishment.

I'm considering to add my positions in OCA in Roth IRA with the proceeds from the sale.

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