Sell Your Non-Dividend Stocks Into This Rally
This rally to start the year off could provide a nice opportunity to dump some of your positions. If you have any stocks that are down big, that you are simply holding onto hoping for some appreciation in share price value, I would recommend unloading these positions into this rally. Keep only your strongest positions or your high dividend yield stocks.
The market started off 2009 with a bang, in my opinion, without any real fundamental reason. People are optimistic with a new administration that the economy will improve. I don’t see this happening. Obama’s administration is looking to government stimuli and higher taxes to try to “jump start” this fundamentally flawed economy. Again, sell into this rally. Keep only your strong long term stocks, preferably the ones that pay a nice dividend.