DEO is the only “sin” stock that I have (had) on my taxable account. I bought it a few years ago, thinking it was going to do well:
- The Euro was dropping like flies, whenever the Euro recover, the stock price would recover
- As the US economy recover, people would take more vacation, drink more, celebrate more. The drink when they are happy, they drink when they are sad. Ah… people!
Well, the entry point was $115. I average down to $113. Sold $130. Pocket ~$200, the yield for the past few years gave me a profit of $350 or so. No too bad!
Really, as Puerto Rico get hit by hurricane Maria. I need to raise some cash in case there is a buy opportunity. This year, my account is in RED, pretty much everything I have is in red. hihii… I don’t want to take a loss. I’ve had DEO for over 1 year, so I only have to take 15% capital gain instead of my regular tax. So, for that I think it’s an okay sell. Although, I think DEO can go to $150 or even $200 in just another year or so.
Have you made any sells lately?