Buy and hold is fine if you bought 20 years ago....of course it's payed out in the long run. If you bought overpriced stock or I should say overVALUED stock it's a different story. If you recently bought in say for a dividend stock on a company that just had a 20 percent run because their dividend was attractive to the blind eye but really never had a profit or did anything physical to bolster the price of a share, those ones you better dump, theres lots out there tanking that won't bounce back because it was just a dividend thing that boosted the share price. Because the gic and rrsp interest was so low people went tfsa and dividend shares. That dividend will drop next quarter triggering further sell offs.
|