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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Peter W. Panchyshyn who wrote (2451)	1/20/2002 4:37:10 PM
From: Lorne Larson	Read Replies (1) \| Respond to of 11633

I'll keep it simple for your benefit: Assume I bought Stock A at $6.50 and sold it at $6.00. On the same day I sold Stock A, I bought Stock B at $6.00. According to your usual befuddled reasoning I am now in a worse financial position than if I had held on to Stock A, because I realized the loss on Stock A. This is just plain silliness. The issue is the quality of Stock A vs the quality of Stock B. If Stock B goes up and Stock A goes down, it was a good move; if Stock A goes up and Stock B goes down, it was a bad move. The only relevance of realization/non-realization from a financial standpoint is tax (which is definitely not the point you were attempting to make). Stupid Peter quote # 8: "A realized loss is just that it can't be gotten back as quickly as an unrealized loss...". Amazing.