Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
Don't Be An ‘If Only’ Investor
Oct 12, 2023
This podcast discusses the dangers of being an 'if only' investor, using the recent buyout of Pioneer Natural Resources by ExxonMobil as an example. It explores the profitability of owning PXD stock and the importance of not playing the 'if only' game in investing. The chapter also delves into the tax implications of the stock acquisition deal and provides insights into consulting a CPA before selling a property and offsetting capital gains tax.
32:15
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Quick takeaways
- Avoid being an 'if only' investor and focus on evaluating gains and selling underperforming stocks.
- Consult with a CPA to assess the tax implications of holding or selling PXD shares before the merger.
Deep dives
ExxonMobil buys out Pioneer Natural Resources (PXD) in a stock-based merger
ExxonMobil has officially announced the acquisition of Pioneer Natural Resources (PXD) for $59.5 billion. The deal will be completed in 2024 and is structured as an all-share deal, with shareholders receiving 2.3234 shares of ExxonMobil for each share of PXD. Investors are advised to consider their cost basis in both stocks and make informed decisions based on their individual circumstances.
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