03-09-2022, 10:55 AM
(03-09-2022, 10:36 AM)fenders53 Wrote:(03-09-2022, 10:26 AM)cemanuel Wrote: Dividend means little when that is about all you are getting in a long bull run.It's OK we disagree. I've just never been pleased with zero cap gain for decades. Zero is a really small number. I want a little something for my risk of holding an equity.
I disagree. When the goal of an account is to generate dividends, dividends mean everything. Nice to get some cap gains - and they usually come - but that's not really the point.
No problem. This nice thing is that with the right company cap gains usually come. But I don't mind having some where it doesn't - VZ for example. I've only owned PFE since 2018 so I haven't been displeased though if I were starting out without having to worry about taxes I wouldn't be buying it now.
I suspect in the not too distant future I may balance sales of it with T sales to cover cap gains. Though I'll have do some math. Selling spinco as if it were a special dividend counts for something too. But after the last few weeks I'm about math'd out for a bit.
Debated doing some IRA stuff yesterday with the big drop, decided one day after I finished buying for it was a bit quick but there was some stuff cheap. It was very tempting to go overweight some shares and sell once they take back 20-30%. I'm not sure big drops are finished with what's going on - February CPI is tomorrow plus geopolitical - so I may organize myself for the next one.