RE:RE:RE:Like The Dividend, But not One Of My Better InvestmentsWe JoeBravo, I sold at the then low and it DROPPED another $14. I had bought them slightly higher than I sold but the signs of further SP drop were already in place. I captured the tax loss for last year and now I can buy them back for a lot less, and at a much higher effective yield. Many said I was silly for selling when I did.
I agree with you that selling the balance of my holdings at today's price would be a bad idea, it will recover, but Bluechip or not, this is a heck of a down spike from 73 to 50. Also, in the last ten years, this stock has effectively traded sideways, what an investor got is the dividend and zero growth. It has spent a lot more time between 50 and 57 dollars than it has spent above $57.
JoeBravo1 wrote: I'm not perfect, but one thing I recommend with blue chips, and I consider BCE a blue chip stock, is that it's never a good thing to sell at or near a 10 year low.
Rates affect these stocks primarily due to their debt structure. Once rates begin to ease, or once the Bank of Canada or the FED signals it will begin to lower rates, then these stocks will rise again.
If anyone tells you to sell a good company at 10 year lows, they're not being honest, IMO. Unless there was a fundamental change in the business, then that would be different.
Insiders have been buying. That should give you a reason at least, not to sell. If you can't buy, then just wait it out. BCE is not going bankrupt in my life time.