I told myself, "I'll sell VZ when it hits 50." It is almost there. I am semi-retired and, as a lifelong investment plan, wanted to sell all my stocks and convert to Vanguard funds by the time I was 70 and/or was ready to move into a retirement community. I am now at that lifepoint. In past years I have just sold portions of several holdings (figuring taxes, etc.) only now I admit to having been spooked by the "end of TV" ads via the Fool (I am sure you got them).With VZ close to my formentioned target, it seems like a plan - but is it?I typically (and Foolishly I think) usually only make exchanges with my head trying to set all emotion aside. Only this selling all of VZ, rather than conform to my established pattern, just "feels" funny.What do you Fools think? Sell all VZ now or stick to my long held program. What about this "end of TV?".
Well, it just broke through 50, so I suppose you have already sold.Just glancing at the chart, there seems to be major resistance right around 50, and if it breaks through 50 decisively, it will probably make new highs. So it might be best to put in a stop at 50 and see what happens. If it goes higher, move up the stop. That sort of thing has worked for me in the past.
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