04-13-2015, 07:49 AM
What I would do is first figure out where you would spend the money you get from selling BP. It might be another energy stock, it might be split evenly amongs the rest of your portfolio, it might be something new for your portfolio. Once you know where it's going, then it's easier to compare the two investments. As long as you can convince yourself that you do indeed have a better place for that $$$, then go for it.
Yes the idea is to keep the amount of trades low so that fees and taxes from profits don't ruin the party. But if you think it's time to let go, and you have a better investment in mind, then by all means go for it. A single transaction fee is not much and I'm sure you can figure out ways to keep the tax burden low.
Yes the idea is to keep the amount of trades low so that fees and taxes from profits don't ruin the party. But if you think it's time to let go, and you have a better investment in mind, then by all means go for it. A single transaction fee is not much and I'm sure you can figure out ways to keep the tax burden low.