I’d like to see what others think about these ideas.
1. Don’t hold a profitable position if the fundamentals have changed so you can avoid paying taxes. The money you lose may be more than the taxes you save.
2. Don’t buy something just because it is a tax shelter. If it tanks you may lose more than the tax benefits are worth. A bad stock is a bad stock.
3. I use these same rules even for not stock decisions. Cars, houses, shopping on sale. Selling items that have depreciating value
What do you think?
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