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Suleica avatar
Hello all! 👋🏽 I’ve been pondering this for sometime and I need some guidance and recommendations on when or what the best way to handle a loss is (in terms of selling). So I know that for capital gains it’s best to wait a year and a day to avoid capital gains tax, but what about losses? In terms of mitigating taxation any recommendations or resources on this? I don’t want to hold on to some stocks bc I don’t really see them gaining and I didn’t do thorough research on them initially. 😅 So I’m just wondering if I should just sell now or wait. My main strategy is geared towards buying and holding long term. There are a few companies I want to sell and reinvest towards others that I have a more solid understanding of. I appreciate any thoughts and feedback! #learning #newinvestor #curiousinvestor #selloff
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