03-13-2020, 11:12 AM
(03-13-2020, 10:08 AM)fenders53 Wrote: Too many long term values to choose from now. I think I will spend the day doing a little risk management on my port. The threat of dividends cuts looms even with the oil majors. I think I will sell some of my BP and spread some of it around to RDS.B, and my ETF BGR which owns all the majors. At this point the only reason I own oil is the dividend so I'll spread my all in on BP risk around a bit. I'd be sad if I lost all my BP divs as it is a full position.
Yeah, I've been thinking about selling some "Good" stock and using the money to buy "Great" stock. This down turn has me asking myself, "Are you willing to hold this stock if it drops another 20%?" Or, phrased more comically, if your ship sinks what do you want to go down with?
Fortunately I had some cash saved up. Nothing looked reasonably priced starting around Nov/Dec. 2019.