December 18, 2007
Posted by heatoe
I own several stocks that are under water. Some with over a 20% loss. Should I sell all these stocks before the new year to count them as losses?
How do professionals determine which stocks to sell for a loss? Article references and links would be great.
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December 21, 2007
Posted by invsense
( 0 ratings )
Sell Underwater Investments
Selling unsuccessful investments is a good tip. If you have stocks or mutual funds underwater, you should consider dumping them. Use those losses to offset capital gains from successful stocks and income, and to lower your tax bracket.
If you have losses over $3,000 then carry that over to next year. But it has to be done before the end of year.
Full Article with many tips: http://www.cbsnews.com/stories/2007/12/15/earlyshow/saturday/main3622056.shtml
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