accountingsucks
Recycles dryer sheets
- Joined
- Jan 28, 2006
- Messages
- 346
One of the reasons I am a staunch buy and holder is due to the fact that noone can ever get the timing perfect as a trader. I am confident that the stocks I invest in will be higher 30 years from now - I don't care too much about day to day moves. Sometimes I do have to sell something for a variety of reasons and purchase something else. I recently sold my former employer's stock that had a big run in the prior year (although it basically just equaled my ACB).
I also needed the room in my non taxable account for some other investments -specifically US dividend payers (I'm Canadian) since they do not get favorable tax treatment in Canada. Of course a couple weeks after selling the stock it has gone on a fairly nice run after excellent Q3 results and this has 'cost' me about $2000 due to selling early. In addition one of the investments I parked the $ into has dropped about $500 (EXC). I made the best decision at the time with the info I had so shouldn't be kicking myself but that is alot of $ for anyone. As a % of assets, it's very small but still it is very frustrating. How can I get out of this mindset?
I also needed the room in my non taxable account for some other investments -specifically US dividend payers (I'm Canadian) since they do not get favorable tax treatment in Canada. Of course a couple weeks after selling the stock it has gone on a fairly nice run after excellent Q3 results and this has 'cost' me about $2000 due to selling early. In addition one of the investments I parked the $ into has dropped about $500 (EXC). I made the best decision at the time with the info I had so shouldn't be kicking myself but that is alot of $ for anyone. As a % of assets, it's very small but still it is very frustrating. How can I get out of this mindset?
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