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uksausage

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Re: Ezzy2020 post# 10013

Thursday, 12/24/2020 8:52:02 AM

Thursday, December 24, 2020 8:52:02 AM

Post# of 37851
One potential reason..

if it is your only profitable stock then you can sell to use up some of the tax loss you have made so far!

then wait 30 days and buy back in or buy something else


I actually entered SIRC as a result of selling some of my largest holding which is up 1000% since my initial "draft" P&L for. the year showed a loss due to exiting one OTC candy company with a > 90% loss.

used the profit to cancel out my tax loss (so now neutral) and diversified portfolio by buying SIRC.

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