Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Would you get back into VGELX?
Old 12-17-2015, 02:31 PM   #1
Full time employment: Posting here.
Join Date: Jan 2014
Location: Austin
Posts: 552
Would you get back into VGELX?

So last month I decided to do a little tax loss harvesting to offset dividends and capital gains this year.

I did so by selling Vanguard Energy (VGELX). I added the proceeds to my position in Vanguard Health Care (VGHAX). I've already incurred a bit of a capital gain in the short time the proceeds have been in VGHAX.

Energy was a fund that I considered a long-term holding (>10 years) and only sold it to take advantage of the circumstances - I had planned on a true tax harvesting process in which I got out and got back in just to realize the tax benefits of the loss. It's been more than 30 days, I sold VGELX at 89.84, it closed yesterday at 79.79 and will no doubt be lower today. But part of me is screaming "don't do it".

Would you get back in?

ER'd 6/1/2014 @ age 53. AA=70/30, initial WR was 3.5% but now 6% until SS and lower expenses kick in.
Looking4Ward is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-17-2015, 03:07 PM   #2
Recycles dryer sheets
Join Date: Mar 2014
Location: Islands
Posts: 361
I hold a lot of VGELX....unfortunately.

I am holding my position because I do not need to sell.

FWIW, Cramer says oil stocks are a multi-year short. I don't necessarily follow him, but I know he knows more than me. But, in the end, who knows. There are a lot of reasons to sell it: strengthening dollar, huge reserves, etc. OTOH, many sectors are cyclical. So I would not be surprised to see a bounce-back, but I do not expect it any time soon.

BTW, another article today said banks are betting on the oil sector bouncing back:
Travelwanted is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Would you buy into state's DB plan nun FIRE and Money 9 04-04-2014 03:11 PM
Big-Name Investors Get Long, Get Loud and Get Richer timo2 Stock Picking and Market Strategy 2 08-16-2013 09:02 AM
Would you move to get into a good credit union?(for a short time) FANOFJESUS FIRE and Money 16 12-10-2011 04:34 PM
Would You Take Your Old Job Back? easysurfer Other topics 43 01-10-2010 12:54 PM
If you like trains you get to get to scranton pa mathjak107 Other topics 6 09-04-2009 07:44 PM

» Quick Links

All times are GMT -6. The time now is 09:16 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.