tag:blogger.com,1999:blog-31516284931029929.post9129279095061537986..comments2023-10-23T11:41:18.432-04:00Comments on A Christian Investor: I Refuse To Sell Stocks At A LossAnonymoushttp://www.blogger.com/profile/17499473177691976947noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-31516284931029929.post-41081273780972943362016-02-19T18:08:57.085-05:002016-02-19T18:08:57.085-05:00Hi Adam,
You brought up some very good points. O...Hi Adam,<br /><br />You brought up some very good points. One point I didn't consider was opportunity cost. You are absolutely right; if stock A takes 5 years to get above cost basis, but stock B could do it in 1 year, it would be worth it to sell A at a loss and buy B. Thanks for your input.Anonymoushttps://www.blogger.com/profile/17499473177691976947noreply@blogger.comtag:blogger.com,1999:blog-31516284931029929.post-70133472732208065922016-02-17T23:02:25.391-05:002016-02-17T23:02:25.391-05:00I have a similar mentality but only for stocks tha...I have a similar mentality but only for stocks that have sustainability and that is the big question. Before scandals like Lehman bros, Enron, tyco, etc... It was easy to buy and hold forever. However consider if a stock is declining rapidly on its way to bankruptcy and the stock delisted or removed completely. Then you would be far better selling at a loss than literally losing 100%. So pick the right stocks and you shouldn't have too much to worry about. <br /><br />One other point. If stock A takes 5 years to get you above your cost basis, but another stock B could do it in 1 year, wouldn't it be worth it to sell A for a loss and buy B?<br /><br />Anyway, I get your point and I do tend to agree in general but there are some caveats to consider. <br /><br />Thanks for making me think :)<br />-AdamAdam - IWTRShttps://www.blogger.com/profile/13494393889774751702noreply@blogger.com