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Message
re: Bought into a sinking ship stock
Posted on 11/4/23 at 9:51 am to Vols&Shaft83
Posted on 11/4/23 at 9:51 am to Vols&Shaft83
quote:
Personally, I'd sell, take the loss and get the tax write off.
yup
quote:
but thankfully it doesn't sound like a life altering loss.
if he is squirming over 1k losses he has ZERO business investing or trading PERIOD! that is peanuts
2
Posted on 11/4/23 at 10:35 am to Fat Bastard
quote:
if he is squirming over 1k losses he has ZERO business investing or trading PERIOD! that is peanuts
Agreed. If someone doesn't have the stomach or the means to take a $1,000 loss, then they need to stick to buying mutual funds with DCA.
And there's nothing wrong with that, it's a tried and true strategy to build wealth over the long term.
Posted on 11/4/23 at 8:29 pm to Fat Bastard
quote:
if he is squirming over 1k losses he has ZERO business investing or trading PERIOD! that is peanuts
Nah
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