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Replies to #9936 on China Unlimited

Rob_

06/26/17 12:28 PM

#9938 RE: RealDutch #9936

No. I want to have some diversification and XIN has been good to me. There is a lot going for XIN - 8% dividend, still cheap by P/E, still growing, one building with almost all units sold in New York with two more buildings planned, set for a jump in sales when government releases sales restrictions on real estate, just retired a bond they were paying 13% interest on, continue to buy back shares. I think the rest of the year should be good for XIN.

About a month ago - I sold some CTIX (now IPIX) for tax loss harvesting and bought more SIAF hoping it would go up when the spinoff dividend was announced. Unfortunately that did not happen. After the 30 days (wash sale rule), I wanted to buy back my IPIX but could only bring myself to sell 1/3 of the SIAF i bought - decided to sell my highest SIAF cost basis shares for more tax loss harvesting. I am still holding the other shares from the IPIX tax loss harvest. I may buy more SIAF after the 30 day wash sale period if one of my stocks becomes over valued and I need to lighten my allocation to it. Unfortunately, I have not had the problem of overvalued stock in a while ;)