Quote:
Originally Posted by snide
Translation: He's invested in the wrong shit.  |
Definitely!
My options trading habit occasionally generates what I call "problem children". Stocks that got put to me, and dropped so low I can't sell a call at my cost basis, so I have to realize a loss, or be stuck with them. This year, I sold EVERY ONE of my problem children in order to offset the capital gains I have, and still had to pay the vig to the gumment on the difference. In my taxable accounts, I LITERALLY don't have ANY stocks that show an unrealized loss.
If your portfolio is getting "ass-blasted" this year, you are clearly doing it wrong.
Edited to add: FWIW, the S&P 500 set another all time high today.