hopingtomakeit
Dryer sheet wannabe
- Joined
- Dec 3, 2007
- Messages
- 11
well, BRK.B took a dive today. i hold about 5% of ER portfolio in the stock. i bought at about 3500. this was well over a year ago, so i've lost money. closing price for today is: 2783.00 of course i wish i'd sold at the high of over 5K. but...
the stock i hold is in an aftertax (taxable) account.
i am wondering if it's better to sell, and take a tax loss, and re-buy in my roth. or hold on and average down a bit by buying some more at the new price.
i think the main difference might be between the long term taxes 15% (if the stock recovers), and the amount i could deduct on income taxes (somewhat more than that).
my overall allocation some months ago (before the crash) was 20/80. the 20 being stocks (largely international because of the then-falling of the dollar) and 80 being cash and tips. i didn't expect the tips to fall but they have. so i've lost there. as well as with the cash, vis a vis inflation. of course with stocks, especially international, i've gotten killed, like everyone has.
i should say that the 20/80 allocation had partly to do with my fear over the past years of where the market was (and i've perhaps lost some money because of that fear, though i am in the long run grateful to it), and partly to do with some resistance (given my fear) of "re-allocating" under advisement of a schwab advisor. i don't fault him, but i'm glad i held out. no bad mouthing of the advisor here. he suggested re-allocating and i wanted to hold off. fair enough on both sides. i told him i didn't know what would happen with the market, and his response was: ....yeah...
i've checked the intrinsivaluator, and it suggests to me BRK might be a good buy (though i don't know what to make of earnings estimates for anyone, in this market) disregarding buffet longevity issues.
so on the surface it might suggest, take the tax loss and re-buy shares in a ROTH?
given present situation, and valuations--what to do?
i'm 55 and with a teacher's salary. so i don't have a lot of years to play with. at the same time, i have a relatively secure job. at the same time, my income and savings are not high, compared to some in the business and freelance world, and i *was* hoping to retire before 65.
i'd welcome nords' thoughts. though he's been so gracious thus far, via PM, that i have no expectations...he's already met them, and more. thanks, nords!
are there thoughts from those who know the stock and own it? what is the valuation at present? voracious buy, hold, sell?
and what is the advantage/disadvantage of trying to take a tax loss?
many/most on the forum, are IMO, more sophisticated than i on financial matters. i'm sorry if my post is more complicated than it needs to be.
best to all in this troubling time, i'm grateful for this community to check in with....
the stock i hold is in an aftertax (taxable) account.
i am wondering if it's better to sell, and take a tax loss, and re-buy in my roth. or hold on and average down a bit by buying some more at the new price.
i think the main difference might be between the long term taxes 15% (if the stock recovers), and the amount i could deduct on income taxes (somewhat more than that).
my overall allocation some months ago (before the crash) was 20/80. the 20 being stocks (largely international because of the then-falling of the dollar) and 80 being cash and tips. i didn't expect the tips to fall but they have. so i've lost there. as well as with the cash, vis a vis inflation. of course with stocks, especially international, i've gotten killed, like everyone has.
i should say that the 20/80 allocation had partly to do with my fear over the past years of where the market was (and i've perhaps lost some money because of that fear, though i am in the long run grateful to it), and partly to do with some resistance (given my fear) of "re-allocating" under advisement of a schwab advisor. i don't fault him, but i'm glad i held out. no bad mouthing of the advisor here. he suggested re-allocating and i wanted to hold off. fair enough on both sides. i told him i didn't know what would happen with the market, and his response was: ....yeah...
i've checked the intrinsivaluator, and it suggests to me BRK might be a good buy (though i don't know what to make of earnings estimates for anyone, in this market) disregarding buffet longevity issues.
so on the surface it might suggest, take the tax loss and re-buy shares in a ROTH?
given present situation, and valuations--what to do?
i'm 55 and with a teacher's salary. so i don't have a lot of years to play with. at the same time, i have a relatively secure job. at the same time, my income and savings are not high, compared to some in the business and freelance world, and i *was* hoping to retire before 65.
i'd welcome nords' thoughts. though he's been so gracious thus far, via PM, that i have no expectations...he's already met them, and more. thanks, nords!
are there thoughts from those who know the stock and own it? what is the valuation at present? voracious buy, hold, sell?
and what is the advantage/disadvantage of trying to take a tax loss?
many/most on the forum, are IMO, more sophisticated than i on financial matters. i'm sorry if my post is more complicated than it needs to be.
best to all in this troubling time, i'm grateful for this community to check in with....