12-08-2021, 10:39 AM
(12-08-2021, 07:32 AM)fenders53 Wrote: T has been the bane of most of us. The "announcement" was actually the straw that broke my back on yield traps. I noticed 10% of my stocks were usually causing 75% of my concern. Not something I wish to deal with. Not to mention their total return was trash anyway so T was gone and the rest left gradually when they had a few good days in a row. I don't miss them even a little. I'd rather sell a share or two of a company that actually grows if necessary. I understand you are dealing with a taxable account though.
I've already maxed out my $3k tax loss for 2021 from T. Waiting until the calendar rolls over to sell more, if I do. I know losses carry over but I typically try to make moves for a tax year within the tax year impacted. I'm getting older, helps me not to forget.
I honestly don't have a clear idea of what I'm doing with what I have left. If spinco, as advertised, doesn't pay a dividend, I'll sell that after receiving shares and treat it like a special - plus I'll have a tax loss just from it. If T gives $1.20 in a dividend post-transaction we're still talking 5%. I'm OK - not thrilled but OK - with keeping the amount I have until the spinoff. But an opportunity could come along, share price could recover - the "could" list is long.