We are pleased to announce a portfolio decrease and directly after a portfolio increase. On Tuesday 5th, UBSG.VX announced an above estimation first quarter, the stock jump by around 7%, we jump on the occasion and sold our entire position at a level of 6.9% increase based on our purchased cost. It represent a cash gain of 12’230.00 CHF. We believe that UBS will continue to provide solid results in the future as well as important dividend distribution. By chance, at the end of the day the market drop by 2%, so we took the cash just gained and reinvested it completed.
We bought 10’100 shares at a value of 19.90 CHF, considering the different broker fee, taxes, we will be able to sell the stock at a value of 20.17 CHF or 1.36% about the purchase value. The good point is that these transactions are before the ex-date, so we will still get the dividend of 0.5 CHF or 5’050 CHF!
This gain allow us to achieve so far a capital gain of 32’341 CHF, which has you know is free of tax in Switzerland!
Considering our personal saving, the dividends and the capital gains to date, we should save this year a minimum of 107’000 CHF, which is inline with our objective of saving a minimum of 100’000 CHF. We still have 8 months in front of us, so I can already say that we will have a great year!
What about you, have you been able to estimate your annual savings?