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NW Iowa | You are right, it is definitely a high quality first world problem. Beyond the tax implications I have avoided selling because the dividends have been so good, especially figuring a return on my initial cost. Most pushing 10% or higher on dollars spent. I guess I don't see why it wouldn't work to hedge through a short position. Maybe you would have to do it in a separate investment account. Long in the Fidelity account and collect dividends. Then when you feel the increase has gotten exhausted get short in a Charles Schwab account on the same stocks. Obviously if it keeps going up you have to cover the margin. But I feel confident a lot of these oil stocks are not Nvidia. When it goes down you collect on the short position and pay taxes on that and use the gain to buy more shares. All the while collecting nice dividends. Maybe I am missing something here? | |
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Crude and Diesel are trending upward
