Q: Hello team,
I have way too many losers and I want to bring down the total number of stocks (56) held in various registered portfolios. Knowing that I will not have any tax benefits by selling them, I would like to start with the following list:
Stock down
ESP -19.85%
LGO -30.27%
MX -15.35%
TWD -33.49%
WIN -28.87%
Total -20.55%
And here are my questions:
1- Would be wise to sell the above companies at a loss and use the proceeds to buy cxr?
2- Would you know anything about short term catalysts for cxr? like rumors that a major acquisition is imminent?
3- When would it be the best time to sell these stocks? Should I wait until the tax loss selling is over? ie. sell in January 2015 for a better return? or would that be too late to catch cxr?
4- I do hold cxr but it is not a full position? should I add to it or would you suggest something else (in any sector) with a better upside potential?
5- Would any of the above stocks is worth keeping? I know you might say MX but I have held it for too long and nothing really has happened and now it is gone down with the rest of my oil stocks.
I sent a similar question about a week ago but did not hear anything back....hope it works this time.
All the best to all of you at 5i for helping us participate in the markets with some confidence.
I have way too many losers and I want to bring down the total number of stocks (56) held in various registered portfolios. Knowing that I will not have any tax benefits by selling them, I would like to start with the following list:
Stock down
ESP -19.85%
LGO -30.27%
MX -15.35%
TWD -33.49%
WIN -28.87%
Total -20.55%
And here are my questions:
1- Would be wise to sell the above companies at a loss and use the proceeds to buy cxr?
2- Would you know anything about short term catalysts for cxr? like rumors that a major acquisition is imminent?
3- When would it be the best time to sell these stocks? Should I wait until the tax loss selling is over? ie. sell in January 2015 for a better return? or would that be too late to catch cxr?
4- I do hold cxr but it is not a full position? should I add to it or would you suggest something else (in any sector) with a better upside potential?
5- Would any of the above stocks is worth keeping? I know you might say MX but I have held it for too long and nothing really has happened and now it is gone down with the rest of my oil stocks.
I sent a similar question about a week ago but did not hear anything back....hope it works this time.
All the best to all of you at 5i for helping us participate in the markets with some confidence.
