11-23-2021, 10:42 PM
That sounds good until you sell all the great DGI stocks like AAPL, MSFT and HD out of your portfolio years ago and maybe pay taxes. That said it wouldn't be a bad way to manage overvalued slow growth Aristocrats. I just use covered calls to trim but I have to wait until they really are frothy or I get the same bad result. I don't worry too much if I lose at least half the stocks in my port because I can get them back soon enough. I do worry more about an entry at a reasonable or cheap price. I'll trim in a rational manner if I am so fortunate for them to get overvalued.