Key insights
- A Canadian investor is considering selling Telus stock at a loss to reallocate funds into nuclear energy or quantum computing. The investor is weighing the dividend income against the potential for growth in other sectors and the tax benefits of realizing the loss. The decision reflects a shift in investment strategy towards higher-growth, albeit riskier, sectors.
I bought Telus stock a while ago and I’m wondering if it is worth cutting the losses and pivoting that money into something else. I am a Canadian investor and I picked this company because I thought it would be steady and likely have some good growth over time because it is a big company and it is stable. .
However, this is the only company I have , or stock that is in the red in my portfolio. I have been investing for just under two years and I have seen an overall 25% return on my investments in my trading account just from long-term holding.
For me Telus is down about 19%. So my overall loss from the stock is only -1.3%.
It is paying me dividends which is good but I’m wondering if I should just take out a few thousand dollars I have in Telus and put it in something else? This would be the first time I have ever taken a loss in the stock market, and I guess I could use it for tax purposes, and I was thinking of taking that same money and putting it right into either nuclear energy or quantum computing stocks.
My main question though, because if I should cut my losses on this because it has been going down for five years and maybe I am catching a falling knife