Yesterday I sold my Nestle shares and bought my first Altria shares from the proceeds.
Nestle is a solid company from Switzerland that I had in my portfolio to take food into account.
It was a rather spontaneous decision, which can be explained by two moments.
1. Altria is currently cheap and undervalued. Nestle is on a high, maybe overvalued.
I decided within minutes.
I admit that if I had a little more cash, I might have held Nestle and bought Altria.But you have to deal with what you have, don't you?
What do I expect from the "exchange"?
1. Three more dividend payments per year. The dividend is also higher
Should I ever get Nestle at a better price and my cash situation look better, I might buy it again.
It's 08:50 in the morning in germany, the sun is shining, I'm going for a nice walk.
Have a good day