Question about owning stock in a company that goes broke


Hi there, just to get to the point: I was told by a colleague (and a huge part of me wants to believe it) that if you own a stock and it goes bankrupt, that if you don’t sell, your losses are returned to you… and not by harvesting tax losses. I’ve searched but can’t find anything related to the mentioned information. Anyone know anything related to this?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *