What Holding R U Considering Giving Up On ?

[ownyourfuture]

For me, it's Con-Agra.
I originally owned Pinnacle Food shares, & they performed magnificently in the approximate 3.5 years I owned them.
On June 2018, Conagra announced it would acquire Pinnacle for $8.1 billion.

I was dead set against the deal from the beginning, but unfortunately it went through, & on October 26, 2018, my PF shares morphed into CAG shares @ a cost basis of $35.42

Total return on those shares (including dividend reinvestment) for the 16 months or so I've owned them, is -16.97%

Full disclosure: A cash payment was part of the deal, (can't remember how much) so when you take that into consideration, I'm not really down 16.97%
On the other hand, I'm leery of a stock that's down that much, in a 16 month period, that at least until recently, was ideal for stocks.

[jazz4cash]

I have a few shares of MJ, Alternative Harvest ETF because cannabis is a cant miss investment, right? I bought these a year ago at 34 and they’re at 13 now.

[gcgang]

Anything with a taxable loss.

[DrRoy]

In Nov last year I sold 2 small holdings of energy pipeline co's. I needed to raise some cash, they were underperforming, and it simplified my holdings and taxes.

[ownyourfuture]

Quote:

Originally Posted by DrRoy In Nov last year I sold 2 small holdings of energy pipeline co's. I needed to raise some cash, they were underperforming, and it simplified my holdings and taxes.

When you say it simplified your taxes, I'm assuming that's because of the
K-1 info you had to enter because they were MLP's ?


I own one of those Kinder Morgan KMI, although it's no longer considered an MLP. The Godlike praise they have for the CEO Richard Kinder, is downright scary.


Did very well up until about 5 years ago. Was around $42.00 back then, but now It can't seem to hold $20.00.

Pays a decent dividend, so I suppose if I hold it long enough I'll recoup my losses. It will be beneficial to me if I need losses to offset capital gains in the coming years.

[bushpilot]

Quote:

Originally Posted by DrRoy In Nov last year I sold 2 small holdings of energy pipeline co's. I needed to raise some cash, they were underperforming, and it simplified my holdings and taxes.

I probably bought those from you. You want them back? I am willing to sell them at cost ...

[VanWinkle]

I did change my sector fund in my Roth to an extended market index to compliment a S&P 500 fund I purchased when tax loss harvesting from VTSAX(Vanguard total US market index) in my taxable account. I was heavy
in large cap and over exposed in healthcare.

[COcheesehead]

Quote:

Originally Posted by gcgang Anything with a taxable loss.

+1 I am an aggressive tax loss harvester. I look at individual lots not just my overall return on a holding. The last couple weeks have enabled me to get my YTD tax liability to almost zero.

[garyt]

I sold all my DIS Disney. I don't think people will be rushing to theme parks anytime soon. I believe Disney has closed some international parks already. Disney on Ice and movies will be impacted, also.

[tominboise]

I sold some Chevron last year for around $120 per share. I sold half of my remaining Chevron last week for around $94.50 share. I will sit on the remaining 200 shares for awhile, but will sell it if gets up in the $95 range again. Otherwise I will enjoy the dividends, if there are any.

[38Chevy454]

Quote:

Originally Posted by tominboise I sold some Chevron last year for around $120 per share. I sold half of my remaining Chevron last week for around $94.50 share. I will sit on the remaining 200 shares for awhile, but will sell it if gets up in the $95 range again. Otherwise I will enjoy the dividends, if there are any.

Based on the oil issues between Saudi's and Russia, with the recent price of oil drop and some covid19 slowdown in economy drop; I think it will be a while before oil stocks become attractive.

[aja8888]

Ford and GM got roasted today. F is under $6 and GM in the $20's. With low oil prices going forward, gasoline will be cheap (and auto financing) so trucks should sell well.

[Karloff]

I am holding on to my T, but I was tempted to sell today, as it was my only holding still in the black. Too late now, so I will stay the course... It is my largest position.

I am also WAY in the red on ORC, ARR, EPR, ROKU, and, dramatically on WPG (my biggest gamble... and biggest regret). I am holding all of them. No point in selling now. All over 50% down from a week ago. Just riding it out and hoping the dividends are not cut.

I am now looking into MO (they have maintained dividend growth for 50 years), PG (63 years), O (26 years) and EPR (10 years). All of them severely beat up as of this writing.

[aja8888]

Sold 600+ shares of T Monday. I'll buy it back @ $25. I'm adding to my preferred stocks as they drift lower.

[big-papa]

Not giving up on any holding, unless you count selling a holding for TLH purposes and buying another, similar holding. I made the choices in my portfolio for a reason. Doing poorly right now is not a reason for me to give up on anything.

[VanWinkle]

Quote:

Originally Posted by big-papa Not giving up on any holding, unless you count selling a holding for TLH purposes and buying another, similar holding. I made the choices in my portfolio for a reason. Doing poorly right now is not a reason for me to give up on anything.

Do you have a specific amount of time before you give up on
under-performance? 5 years, 10 years,...

VW

[target2019]

Not giving up on anything in particular. But my TLH candidates list is getting longer.

[big-papa]

Quote:

Originally Posted by VanWinkle Do you have a specific amount of time before you give up on under-performance? 5 years, 10 years,... VW

I don't. I hold index funds in a number of categories. A couple of the categories, like international small cap and emerging markets are categories that I actually expect will underperform sometimes for significant amounts of time as they have done before. But they also tend to have had high long term returns. As a result, the amount I hold in those categories is lower than in others. In other words, I feel like periods of under performance are already accounted for.

My thought process would probably be different if I held individual stocks, but those days are a couple of decades behind me now.

[VanWinkle]

[QUOTE=big-papa;2386322]I don't. I hold index funds in a number of categories. A couple of the categories, like international small cap and emerging markets are categories that I actually expect will underperform sometimes for significant amounts of time as they have done before. But they also tend to have had high long term returns. As a result, the amount I hold in those categories is lower than in others. In other words, I feel like periods of under performance are already accounted for.

My thought process would probably be different if I held individual stocks, but those days are a couple of decades behind me now.[/QUOTE

I agree big-papa, but at some age, long term no longer applies except
to heirs. I am trying to decide if foreign equities will take more than 13 years, which is my approx life expectancy.

[VanWinkle]

Quote:

Originally Posted by big-papa I don't. I hold index funds in a number of categories. A couple of the categories, like international small cap and emerging markets are categories that I actually expect will underperform sometimes for significant amounts of time as they have done before. But they also tend to have had high long term returns. As a result, the amount I hold in those categories is lower than in others. In other words, I feel like periods of under performance are already accounted for. My thought process would probably be different if I held individual stocks, but those days are a couple of decades behind me now.

I agree big-papa, but at some age, long term no longer applies except
to heirs. I am trying to decide if foreign equities will take more than 13 years, which is my approx life expectancy.