Q: I have held BCE for about 3 years now. Cost of $20K and it's worth $13.5K now. Down $6,500... 34%. Wondering if it makes sense to sell half of my BCE (about $7K) and buy $7K worth of Telus to try and leverage any potential gains across both rather than just one. I guess, wondering if splitting my investment across two of these telco's makes sense ... and a brief reason as to why (or why not) I should do it.
5i Research Answer:
Diversification can of course reduce risk, but we are always cautious of making switches in...