I just inherited a substantial stake in Exxon Mobil (XOM) and my gut feeling is to sell most of it as I think Big Oil is going to be hurting in the near future.
It pays a nice dividend but the payout ratio is a bit above 100% so might not be sustainable.
I'd rather take a small short term gain now than a big tax loss in the future.
It pays a nice dividend but the payout ratio is a bit above 100% so might not be sustainable.
I'd rather take a small short term gain now than a big tax loss in the future.