In my years of investing, I have always refused to sell stocks at a loss. Now I know some people may think this is foolish since many investors sell at a loss to harvest capital losses or to cut their losses. Personally, I would rather hold a stock with huge unrealized losses on paper than to sell them and realize those losses as a reality. If you don't sell the stock at a loss, you don't actually recognize the loss; you just have an unrealized loss on paper. Once you sell it, that money is lost and gone. I know people say you sell to cut your losses, but for me, if I'm a long term investor, then I plan on sticking around for the long haul. Most people forget that when you purchase a stock, you are essentially purchasing a business. Every business will have its ups and downs; you just have to be able to stick with them through the good times and the bad times.
Wednesday, February 17, 2016
Wednesday, February 10, 2016
Monday, February 8, 2016
Monthly Report: January 2016
I post an update every month on the taxable dividend income I receive in my brokerage accounts, the non-taxable dividends I receive from my Roth IRA accounts, the market value of my taxable brokerage accounts, the market value of my Roth IRA accounts, the market value of my 401(k) account, and my savings rate.
Below is the monthly report as of January 31, 2016:
Below is the monthly report as of January 31, 2016:
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