11-30-2021, 12:11 PM
(11-30-2021, 11:38 AM)ken-do-nim Wrote:I feel a lot better having dumped all my yield traps a few months ago. I dodged a bullet selling my SPACs in time as well. I was asking for trouble with both and it always comes eventually.(11-15-2021, 10:23 AM)fenders53 Wrote:(11-15-2021, 10:01 AM)poneyboy Wrote: Me too on CRWD. I need to add more growth. That's what everyone wants these days. Tired of being in the names that don't move lolNobody can say you weren't patient. I've held a few dogs for decades but two years is about the max these days before I try to slap myself out of denial.
Finally sold my T after 8 years. Had enough lol
(11-30-2021, 10:42 AM)fenders53 Wrote:(11-30-2021, 10:07 AM)stockguru Wrote: I remember when people thought T was a bargain at $28. It's now $23 lolNot even funny at this point. A lot of folks here own quite a few shares. It's a complete dumpster fire. I think there are only about two full dividends left. I highly suspect it's going to get tax loss sold down close to $20. I owned a lot of shares a few months before their spin off announcement.
Anyone still own or buying at this $23 level or selling for s tax loss
If I just had to own the sector in a taxable account I'd park the money in VZ for 30 days. Then another 300 days after that to be honest. The crazy thing is the way it is going T will save money on the Div which was the plan, and the stock will be so beat down new investors will still get a stupid high yield.
Wow 9.16% dividend for T now. OHI is up to 9.68% as it has dropped to $27.67.
Another dumpster fire is ORC, whose dividend has reached 17.07% as it drops to $4.57.
This is Black Tuesday shopping for me and I will share a lot of trades later. I jumped in too fast during the Covid crash. This will be nothing like that IMO, but I am still going to only buy stocks/ETFs I want to hold for years and keep the purchases smaller. Closed most of my puts that were profitable at all or very close to even. I was supposed to transfer my account to Schwab today but I will lose the ability to trade for 5 days. I need to prepare for that. I sure don't want 50 option contracts open and zero control.