10Lun·

The other day, I finally ripped the band-aid off and sold out of $T (-0,14 %) and $VZ (-0,62 %).


Although locking in some losses definitely stung a bit, I think the move is an overall improvement in the portfolio from a long-term perspective.

Plus, it freed up a few thousand dollars for me to reinvest in some of my other stocks, and I wasted no time in doing so—it was quite the shopping spree.


Here are the details from the sale:


AT&T ($T (-0,14 %))

  • Number of shares: 101.57 shares
  • Average Cost Per Share: $21.60
  • Sell Price: $17.20
  • Market Return: -20.37%
  • Total Return: -2.89%


Verizon ($VZ (-0,62 %))

  • Number of shares: 43.87 shares
  • Average Cost Per Share: $51.40
  • Sell Price: $40.49
  • Market Return: -21.23%
  • Total Return: -9.63%


All I can say is thank goodness for dividends. They substantially helped mitigate the overall impact of the losses, and although I violated Warren Buffett's #1 rule of investing—never lose money—at least it wasn't a catastrophic amount.


After the sale, I had around $3,500 to reinvest back into the portfolio, which I divvied up across 5 different stocks:



My aim in reinvesting was to avoid taking too many steps backward in my projected annual dividend income, which was challenging considering both $T (-0,14 %) and $VZ (-0,62 %) were two of the higher-yielding stocks in my portfolio.


However, I managed to make it work, and the end result was only a minor decrease in my projected annual income ($17 to be exact).

15
3 Comentarios

Imagen de perfil
Watched your video 👍🏻. Enjoy your holiday, Presidents Day, celebrating all those great former Presidents. Here in Europe we had a super flat day, as we always need the guidance of the US-stockmarket 😓
2
Mostrar respuesta
I am keeping Verizon, just in case...
2
Únase a la conversación