Q: Hi 5i: I'm retired and a buy and hold investor. Most of my portfolio is fine with the exception of Baytex. I bought 540 shares of BTE two years ago and since then it has declined 25%. The options I'm considering are:
1. Continue to hold BTE.
2. Sell BTE and put half the proceeds into Keyera (although it has run up a lot recently) and half into a non-energy, non-financial stock.
3. Sell BTE and put all the proceeds into non-energy, non-financial stocks.
(At present my energy stocks are PPL,IPL.UN,CPG,KEY,PKI and BTE. They make up 40% of my portfolio while financials make up 15%.
I'd appreciate your view on the above options and any suggestions re: non-energy, non-financial stocks.
Thanks for the service you provide to investors like me.
D
1. Continue to hold BTE.
2. Sell BTE and put half the proceeds into Keyera (although it has run up a lot recently) and half into a non-energy, non-financial stock.
3. Sell BTE and put all the proceeds into non-energy, non-financial stocks.
(At present my energy stocks are PPL,IPL.UN,CPG,KEY,PKI and BTE. They make up 40% of my portfolio while financials make up 15%.
I'd appreciate your view on the above options and any suggestions re: non-energy, non-financial stocks.
Thanks for the service you provide to investors like me.
D