Originally Posted by Connemara
Why so much turnover? That's an easy way to lose an astounding amount of money over an investing "career."
Yes, and vice versa.
All my investment decisions are event-driven, so I rarely care about timing my sales for tax purposes. Granted, I was considering selling AAPL at the end of the year to offset my tax liability, but alas, I was too scared to pull the trigger and seal in those losses, so now I have a huge tax liability and massive paper losses.. FAIL.
Originally Posted by in stitches
skinny is correct. it is a very real thing, and its something you are made to do, not something you opt to do. when your tax liability gets to around 6 figures, i understand that is how it goes. or so i am told by the people i know who make that kind of cheddah.
Ah, makes sense.