05-13-2021, 02:32 PM
(05-13-2021, 02:10 PM)ChadR Wrote: I also agree with Fenders. If you don't have a better stock to invest the proceeds in, keep the stock and have the dividend keep coming into your account. Don't churn your account just to churn your account. Is the plateau a short term issue or is it going to be stuck there for a while. Back a few years ago, everyone was saying that MCD plateaued at $90/share and wouldn't go any higher because the younger generation wasn't eating there and it would just be a stock that didn't move and would just keep paying out dividends. Today it is up to $230/share. Glad I didn't sell my shares on a short term plateau.
I agree with those thoughts. Unless you have better ideas it's generally not a good idea to dump something simply because its price growth has stagnated.
ABT was dead money from 2013 to 2016 before tripling in price.
MSFT was dead money from 2002-2010 before going up 10X in price.
Business growth goes in cycles and rarely in a steady straight line.