Maybe not... you probably have a very nice IBM dividend stream at favorable rates.
I would not be reinvesting dividends at record highs...
But, I have stocks that are up much more than IBM since I doubled down in 1994 after a decade of declines, and I've probably sold 2/3rds of them by now (LRCX). I still have a nice sized LRCX position that pays a dividend, though not as good percentage wise as my 1994 IBM shares that I've also taken profits in.
Nothing wrong with diversification. Especially to get some with the lower capital gains tax before the pendulum swings the other way and Emperor Newsom or AOC decide capital gains should be taxed as ordinary income and forget that inflation destroyed the buying power of the money originally invested.
IBM, LRCX, COHR, AMZN, CSCO, GE, INTC have all had massive gains and declines so I like to spread my money around some, even if just a little every year. |
