Looks good to me for a long-term investment.
Looks good to me for a long-term investment.
Everything I read says to buy it and keep it because it’s pretty stable and pays good dividends, which it does, but I guess after it hit over $85 and started going back down I have been panicked. I haven’t lost any of my original stock, just the amount I made last month. It performed good the last couple of months until the last couple of weeks. Since I’m retired I don’t hear as much as I used to from work and I don’t see what is causing it to slow down. I keep it for the long term since I have the other account to draw from and I plan to work at something in the future so that I can stop drawing from the 401K. When I turn 59 1/2 in April I will move the 401K (maybe) to a place that can manage it for me. Being an employer sponsored plan, I am limited to what I can do as long as it is in the company plan with JP Morgan but if I move it now I have to pay the penalty to withdraw any. As long as it’s in the company plan and I retired after 55, I don’t have the tax penalty on monthly withdrawals.