04-19-2016, 02:42 PM
I have a big decision to make, I've been waiting for my position in EVT to go back to positive and I was planning to sell it as soon as it turned green, which happened today after many months of waiting, however I'm getting cold feet now.
On one side I love those dividends coming in every month, ~9% yield, and feels pretty safe and solid considering it's history. On the other hand I know it has limited to none growth potential therefore, I wanted to sell it and buy something else.
My options are:
I own a significant % of EVT compared to the rest of my portfolio of individual stocks (40% of it to be exact) so this would represent a significant purchase in other stocks. This is where the cold feet begins, as I look out there and the SP500 doesn't present a ton of solutions where I could spend this money right now.
I could sell now and keep the cash waiting for a correction, but I would be missing those 9% every month (or 1/12 of it every month to be more precise)....
Or I could do nothing, continue to invest fresh new money in individual stocks and let this position in EVT DRIP and keep going on as is (it's also my back door to diversification in bonds).
On one side I love those dividends coming in every month, ~9% yield, and feels pretty safe and solid considering it's history. On the other hand I know it has limited to none growth potential therefore, I wanted to sell it and buy something else.
My options are:
I own a significant % of EVT compared to the rest of my portfolio of individual stocks (40% of it to be exact) so this would represent a significant purchase in other stocks. This is where the cold feet begins, as I look out there and the SP500 doesn't present a ton of solutions where I could spend this money right now.
I could sell now and keep the cash waiting for a correction, but I would be missing those 9% every month (or 1/12 of it every month to be more precise)....
Or I could do nothing, continue to invest fresh new money in individual stocks and let this position in EVT DRIP and keep going on as is (it's also my back door to diversification in bonds).