Conversely,
stable businesses like pharmaceuticals and high - dividend
utilities stocks shed hardly any value, but never moved strongly as the economy improved — their sales were unaffected by slowdown or reversion.
If this can be done, the proceeds can be used to invest in those
stable dividend growers and those can then form a better core holding that you should never, if ever, sell (e.g. pipeline, telco,
utility, bank, rail, energy company)... but only if some materail change in the their
business occurs that you unequivocally disagree with.