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Pastimes : Long term buy and hold suffering

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To: Hawk who wrote (35)9/10/2002 12:43:44 PM
From: MoneyPenny  Read Replies (1) of 63
 
I have some pretty exciting losses to write off and look forward to congress increasing the capital loss threshold from 3000-to10000 or 20000. I'll at least outlive my carryforward loss if they do.

I have learned a lot on SI about recognizing losses and cutting them sooner rather than later. I have some dibs and dabs of these losers still in my families various accounts, sometimes less than 100 shares just as reminders.

I find some threads are more up front on their losses than others. Also, after 2000, anyone presenting a bear case was ridiculed here and so they all took refuge on their own threads. Anyone following those threads has at least cut their losses to a minimum.

I'm actually up this past 12 months, even counting the post 9/11 panic, primarily because of threads like Strictly Driller, HTP, Clown, and Fidelity sector funds. There was a pretty funny dialog on losses being made on a couldn't lose oil service ADR, PGO even last month. Lots of money made and lost there in real time. You could feel the pain behind the jesting and claims of new careers as greeters at Walmart.

But I owned some pretty shifty telecoms and rambus until 2000 and will soon inherit a pretty hefty telecom (T & all progeny of last 25 years) portfolio which is worth about 10% from a few years ago.
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