$200 Party, page-124

I respect anyone's decision to sell MQG or any other stock - it's your money after all.

I still maintain my view though that if you got it a good price, why get rid of it? Who cares if the P/B value is at a record - what asset in today's market is not frothy relative to historical standards except for a house in a place like Broken Hill maybe?

We know that the management of this bank is excellent - they've found their niche, they're executing well, and even if the share prices consolidate here for two, three or four years, you'd still be making 10-20% on just dividends (if you bought at $100) while waiting for the train to resume. Seems like a waste paying unnecessary CGT when all you have to do is sit tight - but that's the way everyone seems to want it these days. Why do nothing when you can spend money on brokerage, pay tax and say "oh shoot I really shouldn't have sold that! I'm never selling again!" in regret?

DYOR.