LOW AND HRL

[Harmony Management]

Two great companies with strong dividend growth for decades. However, I wonder given their valuations after their strong rise to take some profits in hope of a correction. Do you hold on to these stocks even if you think an inevitable correction is inevitable and is it a big mistake for a dividend investor to partially sell these stocks?

[Jerome]

For a dividend investor, yes it is a mistake. For another maybe not. A dividend-oriented investor doesn't care about the price. Currently I have very large capital gains on all my lines and I don't want to say that it pisses me off but almost. It's just nonsense because the stocks are once again completely out of step with reality like not so long ago. Investors definitely have short memories. Dividends are the truth, that's why I keep these stocks because they are pillars, even if LOW is likely to be more affected in the event of a correction. And then finally receiving dividends is already like partially selling these stocks... without commissions.

[Author]

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