I have HGIC in a taxable account. So, I'll take a hit on capital gains.
I think I'll re-deploy the funds into EPD and NMO, a Muni Bond fund. I already own both. My thought process says that these two equities have some tax advantaged features which may soften my taxes on HGIC, or if not soften, at least limit them going forward.
I don't put a lot of thought into taxes, but if I can easily offset some of them, I'll do it. Otherwise, it is what it is! (I love that phrase!)
Since I reinvest the dividends, EPD also provides a 5% discount on their reinvested distributions, hence my focus there.
The reason I'm selling is because I don't know what the dividend strategy is going to be for Nationwide. I'm sure it won't be like the one HGIC had or Nationwide would have shown up in my research. Shoot, Nationwide may not even be a public company. I don't know, don't really care either. Ha!
So, when things change like that, it's time to sell and put the funds into other dividend growth companies. |
