Latest Stock Sale: Ekspress Grupp

Updated: 18 December, 2019 seen 46

On December 2, 2019, I sold all 530 shares of Ekspress Grupp I had, getting EUR 0.78 per share, to finance the purchase of US stocks.

Ekspress Grupp​​ has been in my portfolio since 2017. I remember I bought it while sipping cocktails on a lovely balcony in Crete, Greece

Ekspress Grupp​ was neither a good nor a bad investment. After holding it for about 2 years I lost about 30% in value, but as my holdings here were rather small - nothing to complain much about. Ekspress Grupp cut the dividend to 0 in 2019, and taking that in consideration was a candidate to sell-off.

The good news is that I won't need to pay any tax on this as I have already paid dividend taxes and there is no need to pay tax on a losing position.

Ekspress Grupp​​​ has contributed to the dividend income in 2017 and 2018. 

Right now I'm focusing on my US stock portfolio and plan to sell off more Baltic stocks I held in the future