Also, fwiw, I added small amounts to positions in a couple of utilities, couple of insurance companies, and a couple of Canadian oil stocks. I still have many open orders.
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I'll make a bet that the market recovers, or at least that some stocks will. That bet is: I've opened up a new Roth account, and transferred some losing positions in downtrodden shares of PICO, IACAF.pk, and JNS that were in my ira into this new Roth. Which means the value of the shares on day of transfer is all considered income, on which I'll likely have to pay state and federal taxes. I am hoping the stocks going into that Roth are at lows and that they recover. If they do, and if I sell them, I will owe no state or local taxes on the appreciation. |
