Investing 102

[GregWeld]

Originally Posted by CRCRFT78

Would it be wrong to hold onto the original shares due to my time frame before retirement (22 years if I can retire at 60) because it is a long-term investment? Or should I just be excited that I learned something new, got lucky THIS TIME and sell anyway?

Don't get greedy --- this worked for right now. That's considered being LUCKY.... MAKE IT WORK by sticking to the plan of unloading the original higher cost shares.

The dividend on the new lower cost shares is a huge "gift" that will pay you back for years.

You're better off now taking advantage of some other "on sale" shares that are also paying a higher than normal dividend due to the share price haircut everything has gotten lately.

I'd go back now to your original plan and pick up some AT&T (T) and Caterpillar (CAT)... again - it's hard to own CAT here... but over the long term you'll be happy.