Q: RSI which has steadily dropped this year. Should I continue to hold RSI or sell and harvest tax?
Thanks
Thanks
5i Research Answer:
Most dividend stocks have had a very tough 2023, with the rise in interest rates. RSI is a small company, but in a solid industry position and it generates good cash flow. BUT..there is essentially no growth here. We would be fine with a stock loss sale. The stock is not likely to move much in the short term and the tax benefit is valuable.