Q: Sold my full position in RY in open div account in Nov to ink some nice gains over several years.
Of course, this timing was perfect to miss the nice Dec bump. Out at 213, now around 235.
I also have BNS in this account of 10 or so holdings and was planning to get right back in to RY after the 30 day period. Now have sellers remorse. What to do?
Thanks
Jim
Of course, this timing was perfect to miss the nice Dec bump. Out at 213, now around 235.
I also have BNS in this account of 10 or so holdings and was planning to get right back in to RY after the 30 day period. Now have sellers remorse. What to do?
Thanks
Jim
5i Research Answer:
Keep in mind if there is a gain declared there is no 30-day re-buy restriction. This really depends on goals and timeframe. We would be fine buying RY today if one has a decent holding period. It is a quality company with a solid secure dividend. A recession would hurt the stock, but lower rates can help. To us, it sounds like the stock was sold 'because it was up'. We would take a look at sector allocations and goals. If the financial sector is underweight we would have no objections in getting back in to RY.