I decided that I will to retire in 2 years, I have 220k in company stock since 1997, should I trade or stick with AT& T? , My plan is retiring in 2 years
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I don't see where having any AT&T stocks would be beneficial-I moved all mine years ago.
Diversify. There is more than one dividend payer out there. Remember, dividend paying stocks fall in an environment of rising interest rates, although Fed chairman said he would consider neutral a little below 3%. Meanwhile AT&T stock pays north of 5%, but so don't others. VZ at $47 doesn't look bad, but that's the same sector.
Diversify, unless your 220K is less than 8% of your portfolio. Maybe less than 5%.
Buy bitcoin. Buy the dip. Pump and dump
you have provided more than enough information for my financial advice ... divest your $200k now unless you are a troll or insane ... in that case, just leave it like you have it.
If you are serious though ... You can already get 3.6 % on a 10 year CD FDIC insured up to $250,000 so soon should be 4% so combine a bunch of stuff and get a safer 5% than just our stock. If your stock moves $2.00 down you lose the whole $12,000 you were going to count on to live with anyway.
Not to mention if at&t start trending like Frontier ... price dives, freezes dividend, reverse splits, etc....
You really haven't provided enough information on you overall financial picture fro ANYONE to offer you a recommendation on this blog. I would suggest you speak to a competent CFP or CFA to go over your complete financial picture especially if you are planning to retire in a few years. Their are both good and bad points on can make concerning and investment in AT&T stock, but these need to be put into context with you overall financial position.
please please please
TALK TO A PROFESSIONAL
I suggest keep what you have for potential dividend income for retirement, but avoid acquiring any more, unless it makes up a sustancial percentage portion of you’re overall portfolio (15%-20%) or more. If so, seek advice and diversify a little. You may see market value drop in the months ahead and let’s hope the Time Warner acquisition has no bearing on the future dividends.
220K worth of T stock at a dividend rate of 5.5% would pay you $12,100 per year. (just over $1000.00 per month. ) That's a great start on your retirement income. Like the company or hate it, T is going to be here long after we are all gone. Check with a financial consultant.
Those were my plans to retire in two years but got surplused(key contributor and 2020 participant). Hope you make it.
My friend, visit a Certified Financial Planner (CFP) for a sit down. Fidelity Investments is the one T works with and there must be a few in your area that can help.
You’re at that point where you don’t need a bunch of arm chair quarterbacks, including me, suggesting a stock or even whether your choice of company stock is a wise one....you have amassed a healthy sum, that’s something to be proud of. The company’s investment vehicles have a number of safe havens, or even mutual funds.
Good luck
Talk to a professional for financial advice
might want to wait and see if stock price goes back up a bit. however the dividends are so good you can't get 5% on your money anywhere else.
all in 1 stock ... what could go wrong ... lol.
Dump it all and buy amazon with it.