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Why it isn’t time to dump your dividend stocks in fear of a correction Add to ...

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A couple nearing retirement has about $800,000 in dividend stocks. Should they sell to avoid the stock market correction they fear?

In a recent edition of my e-mail newsletter, Carrick on Money, I suggested they hold on rather than try to time a move to sell their stocks and then re-purchase them at a later day. A reader of the newsletter disagrees. “Wasn't impressed with your answer to today's couple wanting to know if they should sell their dividend stocks anticipating a market correction,” this person wrote. “You recommended the tired old buy and hold forever strategy. This is just as bad as buying high and selling low.”

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Follow on Twitter: @rcarrick

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