haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Catchy slogan and plays to the desire that many of us have to nail down a gain while it is there.
But for years I have kept records of buys and sells, and my conclusion is that the only thing I know for sure is roughly what the tax bill for the sale will be. What may or may not happen to the unsold stock is yet to be revealed. In other words, if I sell I will definitely have to pay tax, since most of my portfolio is in a taxable account. If I hold, my stock may or may not go down. (It's different if there are offsetting losses, or issues held at a loss.) So lately I have tried to be less hot to get rid of what I think are stretched valuations on my stocks. I do own a few consumer stocks that I have had for ~20+ years, as these don't make me feel like I may be on thin ice.
What do others do on this issue?
Ha
But for years I have kept records of buys and sells, and my conclusion is that the only thing I know for sure is roughly what the tax bill for the sale will be. What may or may not happen to the unsold stock is yet to be revealed. In other words, if I sell I will definitely have to pay tax, since most of my portfolio is in a taxable account. If I hold, my stock may or may not go down. (It's different if there are offsetting losses, or issues held at a loss.) So lately I have tried to be less hot to get rid of what I think are stretched valuations on my stocks. I do own a few consumer stocks that I have had for ~20+ years, as these don't make me feel like I may be on thin ice.
What do others do on this issue?
Ha