Bert made some major moves in his dividend stock portfolio. 3 stocks are gone and the proceeds were used to purchase a new stock. This new stock has been featured on our channel lately and is climbing Bert's stock watch list.

With this transaction, Bert realized significant losses on the 3 dividends stocks that were owned. In fact, the total loss is over $1,500. Luckily, he will be able to benefit from tax loss harvesting and earn some of the losses back by offsetting other stock gains.

The 3 stocks were gone were dogs of the market. Two of the stocks were spin-offs that have underperformed. The other was an investment that was a loser from the minute Bert hit the buy button. Sometimes, it is just best to cut bait and move on.

The new stock in his portfolio is a large tech company that just started paying a dividend. The dividend yield won't blow anyone away. However, in the long run, he is very excited to grow his position in the long run!

What do you think of his 3 for 1 move? Do you think this is a dividend sock to buy right now?

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