Thinking of closing and reopening a few stocks
Or maybe just closing some. Anybody have an opinion on these??
This portfolio is an experiment with dividends and caps. My goal is to have nearly all dividend stocks that slowly lower their start price and eventually are returning outlandish dividends. Many of my picks are returning 7-10%+ already.
I've done fairly well, considering that this wasn't my original plan with this portfolio, and i made a few mistakes early. I've also let myself be tempted a few times into foolish speculative picks. But overall i am fairly satisfied.
To "rebuy" by closing and opening while they are so low to the S&P: MCD, KO, BP, CAT, WPZ, DE.....etc
To just close because they will not probably never outperform: TC, LIWA, ARLP, EWG, MOO....
Of the stocks mentioned above, i am mostly commited to keeping KO, and BP because i already have such a low start price that the dividends are starting to compound.
TC and LIWA i kept around to see if they would recover.... but so far, no.
MCD and MOO i need to reopen now or i will become commited to them....
WPZ, DE and CAT are some of my main considerations for rebuys to aqcuire them at nice price/S&P.
EWG IS OF REAL INTEREST RIGHT NOW because it is at a high and it might just be a fairly good time to exit.
Thanks in advance for any banter or sharing that you might have time to send my way. I'm also interested in any dividend play picks you fools are able to suggest.