Key insights
- An investor is considering selling their shares of MRNY due to limited price appreciation, despite consistent monthly income, and reallocating the funds into VOO. This reflects a shift from a dividend-focused stock to a broader market index fund, potentially signaling a preference for growth over income. However, the small scale of the investment limits broader market implications.
I’ve been thinking about whether I should sell my shares of MRNY. Right now I have about 15 shares, and overall I’m only down around $28, which isn’t a huge loss. The main thing the stock has really been doing for me is generating about $20 per month in income, which is nice, but I’m starting to question whether it’s actually the best place to keep my money long-term. It doesn’t seem like the price itself is growing much, and most of the return is just coming from those monthly payouts rather than any real appreciation.
i was thinking of just putting rest of the money into voo