Q: Good morning, Peter:
I have a couple of big losers in my RRSP account. I think they may have bottomed out as there has been little change in their share prices for the past several weeks. I am reluctant to sell them because I can't claim a capital loss on my tax return, but then, there's also a lost opportunity cost if I hold on and hope for a rebound which may or may not occur. What would you do? Thanks and kind regards.
I have a couple of big losers in my RRSP account. I think they may have bottomed out as there has been little change in their share prices for the past several weeks. I am reluctant to sell them because I can't claim a capital loss on my tax return, but then, there's also a lost opportunity cost if I hold on and hope for a rebound which may or may not occur. What would you do? Thanks and kind regards.