Corel - Investors with no Humor Message Board

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Technology Stocks : Corel - Investors with no Humor

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To: revbill who wrote (92)	9/25/1997 11:48:00 AM
From: David A. Lethe	of 1094

>You haven't lost money if you haven't sold?!!! Very wrong. This is a common mistake made by novice investors. The correct thing to do is sell out, and take the capital loss. This can be used to offset capital gains taxes, and put more money in your pocket. You obviously don't have a tax accountant! Secondly, stock should be treated as any other investment. Say you bought a house for $100K, and farmer Bob put up a pig farm nearby, and the house depreciated overnight to $50,000, would you still be saying you haven't lost any money? Then you hear that a fat rendering company announced they are setting up a factory as well. Would you still keep the house??? Ask yourself, "How much lower would I let my investments be worth before I unload it?" David

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