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What to do with huge winners after they've jumped shark (my case Intel)
godawgst
Member, Swaye's Wigwam Posts: 2,409
First stock I ever bought in 95. Cost basis today is at 5, so Capital Gains would be painful
It's a broke stock who is the JV version of IBM in terms of knowing where to go or what to do. It does pay out a nice dividend, and with as many shares as I have, the amount is not insignificant to my small portfolio.
For others who have stocks like that, did you end up selling it in pieces, ride it out, sell all and redeploy that amount into something better, etc.
Be interested in what others did.
Gracias
It's a broke stock who is the JV version of IBM in terms of knowing where to go or what to do. It does pay out a nice dividend, and with as many shares as I have, the amount is not insignificant to my small portfolio.
For others who have stocks like that, did you end up selling it in pieces, ride it out, sell all and redeploy that amount into something better, etc.
Be interested in what others did.
Gracias
Comments
If you don't need the dividend income you can roll the proceeds into a tax efficient investment that doesn't pay a dividend and offset some of the long-term gain.