Toyota Motors (TM) Stock Sale
I had owned a stock position in Toyota Motors (TM) for a few months because it is the best-in-breed automobile manufacturer. I was so confident in the investment that along the way I added to my initial position because of the long-term growth potential. I believe there is still long-term growth potential in TM, but because the stock had not moved much during the time I owned it I needed to exit that and move my money into something with a brighter short-term outlook.
This sale freed up cash in the international portion of my portfolio so I deemed it necessary to get that money back into a foreign investment. That money went into Barclay’s Ishares: Malayasia. This investment is much riskier, but its short-term outlook is much brighter and it is worth the risk.
Written by Nagel on July 21st, 2007 with
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