Latest Stock Sale: Tallinna Vesi

Updated: 25 September, 2019 seen 124

On September 2, 2019, I sold all 30 shares of Tallinna Vesi (TVEAT) I had, getting EUR 10.85 per share, to finance the purchase of US stocks.

TVEAT has been in my portfolio since 2017. As most of the Nasdaq Baltic listed companies TVEAT paid just an annual dividend. 

Tallinna Vesi was neither a good nor a bad investment. After holding it for about 2 years. I have made a very tiny profit from dividends, but the value invested has decreased.

The good news probably 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.

TVEAT has contributed to the dividend income in June 2017, June 2018 and June 2019. I will have to find a new stock and replace TVEAT to compensate about EUR 20 dividend loss for June 2020.

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