(03-09-2022, 10:55 AM)cemanuel Wrote:You know how it goes. Somebody can show up at the perfect time and think the stock that was been tormenting you for 10 yrs is wonderful because they happen to be up 20% off a low in three months months.(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.
Timing does matter and we can't get them all right.