Well, this was an unplanned sale and I was hoping to resolve this issue without having to sell the company. Normally, I firmly believe that investors should only invest in companies if they want to hold it forever. Renting stocks for the short run, looking for capital gains isnt the best way to invest and it has been demonstrated time and again, that traders get burned while trying to time the market. While this transaction of selling my position was not to lock in capital gains and trying to time the market, the resulting byproduct sure does seem that way. This transaction was mainly influenced to make my life easier over the course of years concerning dividend taxes.
After a few back-and-forth emails with my discount broker, I decided to sell my position in Medtronic plc (MDT). There is nothing really wrong with the company – and I really like the long term prospects. Medtronic is definitely one of the best run companies when it comes to medical devices and the cardiac/vascular group. Read my post from Sep 2013 when I initiated the position. The facts and the reasoning behind owning still stands – if you are interested in investing in this great company.