Evidently both Verizon and AT&T have become the titanic. Taking on water fast because of new allegations regarding buried lead cable liabilities.
Unfortunately, I have one investment account that has a large position of AT&T stock that represents a 45% decline from its invested value. I was buying this stock for the dividend 2018. basis is about $25 per share
I have the same situation with Verizon shares with a position that is down 37% from its invested value.
Ford down 29%
Struggling because of trying to sell EV vehicles. Just announce Cutting prices so the stock dropped on the news.
Abbott down 22%
Been waiting for almost 24 months for it to return to invested cost, but it seems that the market does not like Abbott for the problems that had over a year ago with baby formula
Paramont, the old CBS down 50%
I have held this for 24 months, but evidently because of cord cutting, and the move to streaming this probably will not play out to get back to my invested cost.
Intel down 34%
I probably should go ahead and add to this position, because long-term Intel will be OK because of their investment in domestic production.
Citi Bank down 16%
I guess we will see if this pulls up with earnings. If it does, I will try to get out when even with invested cost.
$UPS down 12%
Concerned regarding their teamster union problems. If they go on strike I am sure UPS will go down 25%. It probably will not recover back to its current level in 2023. Long-term it’s probably a good investment, but I probably should move the cash to something that might get a better return, or for that matter even treasuries at 5%
From the Cash standpoint I don’t need to sell any of these I can hold it and wait but I don’t like having dead money in a stock. It would allow me to sell some gainers that I have big increases like Apple. But I don’t like selling.
Would you DCA when this hits the bottom or just cut bait.
Again I don’t need the cash today.
but I am smart enough to know some of the positions will never get back to the invested cost.
Most of these companies were purchased for the dividend.
This does not represent my entire portfolio. I have lots of gainers and strong dividend producers.
Been investing, 45+ years so my horizon is very long-term as it would be going into my estate versus my needing to live of the investments.
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