Reasons why I sold Magna.
- Trump threatened German car makers with a 35% import tariff.
- Magna supplies crazy amounts of parts to German car companies.
- This threat brings uncertainty
- Uncertainty is an investor’s biggest enemy
- I made enough money and am happy
Original purchase price was 20 shares at a price of $52.12
Sold 20 shares at a price of $57.20.
Locked in a profit of $102 or 9.79%