|
|
Recently Closed Positions:
Current MAPY: +2.9%
|
|
Day Play:
| |
3-Day Play:
| |
Longer:
|
| |
Commentary:
Weekend reading recommendation: Peter Schiff
Also, we harvested some short-term loss in the
form of a diversification move. Once the sale is complete we will be posting what we refer to here as "big red." It looks like about -%35! However, we are thankful that it appears the allocation transfer moved smoothly to high upside securities that were similarly, if not more, depressed.
We'll give the details on Monday. In the meantime, if you are sitting on unrealized losses let us just take a second to earn your readership by mentioning, plan NOW to harvest the write-offs. Look for a lateral move in terms of price history.
We chose a cross sector move for the sake of complete unquestionability. However similar sector ETF funds are potential targets for such a move, we just considered them to be a bit grey, and we wanted to diversify anyway. Remember, pre-Obama U.S. tax law says we can carry over short term losses until they are used up. Even $3000 a year against income! Hope that earns a repeat visit from ya. Have a great weekend!
More info on wash sales.
| |
|
|
Daily or Weekly BS!
Automakers? They can't be serious!
| |
|
Opinions expressed on sell-early.com are the intellectual property of sell-early.com. Any use or action based on these opinions are
expressly forbidden via this disclaimer. | |
|
|
|