Q: Good Evening,
I bought some shares of CM a couple months ago as part of a buy and hold strategy to receive the dividends (expecting the stock price to trade flat or decline) and was surprised to find the stock up 25%. Do you think I should realize the capital gain, hold hoping for a bigger capital gain down the road (couple months maybe) or maintain my original strategy of holding for the dividends? If the recommendation is to sell do you have any recommendations of safe dividend paying stocks to put the money into?
Thank you very much.
I bought some shares of CM a couple months ago as part of a buy and hold strategy to receive the dividends (expecting the stock price to trade flat or decline) and was surprised to find the stock up 25%. Do you think I should realize the capital gain, hold hoping for a bigger capital gain down the road (couple months maybe) or maintain my original strategy of holding for the dividends? If the recommendation is to sell do you have any recommendations of safe dividend paying stocks to put the money into?
Thank you very much.