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Strategies & Market Trends : Dividend investing for retirement
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To: Kip S who wrote (32730)5/12/2020 11:33:42 PM
From: maverick612 Recommendations

Recommended By
B.O. Plenty
Kip S

   of 34328
 
I used to own CLX but had sold it a few years ago. Nothing wrong with the company at all. However I believe you are correct to be concerned about valuation. To me CLX is very overpriced right now. No crystal ball but I would definitely consider selling all or a good portion of it due to valuation concerns.

For a long time I too did not sell many of my DGI stocks - but changed a few years ago when I felt several were valued too high and other opportunities presented themselves. Of course, there were some I held onto all or half, two of which proved to be a mistake doing so.

So I would bite the bullet on the taxes - you may have some losses this year to offset part of the gains - and lose the emotional attachment and sell. And then look to re-enter down the road when the valuation comes back to earth

good luck
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