03-17-2014, 01:15 PM
(03-17-2014, 11:50 AM)rnsmth Wrote: I have owned WAG for some time. Here is what I just did:
Trimmed WAG back to a full weight position. 90% plus total return since I purchased it, current yield 1.9%.
Used proceeds to bring SO up to a full weight position. Current yield 4.7%.
I don't know that WAG is any more overvalued than SO is but its hard to argue with your bump in income. Total return I'd expect to get more from WAG in the next 5 years but dividend income will no doubt be higher with SO.
Nothing wrong with taking a nice profit and averaging out your positions though.