The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Capital Losses||Date: 9/1/2001 12:51 AM|
|Author: KMHinson||Number: 53739 of 121596|
This is probably a very elementary question, so I apologize if that is the case. I would, however, appreciate any insight you can provide.
Basically, I'm still sitting on a load of stocks that I don't want any more because I finally realize (well after everybody else) that their business models were flawed. They have all lost a great deal of their value. On one hand I would like to unload them before they lose any more (can you lose more than 99%?). On the other hand, I would like to wait until I have some capital gains to declare so that I can use the capital losses against those. Considering I will most likely not have any capital gains to consider for a while, what should I do? The stocks that have dropped are worth very little compared to what I purchased them for. Should I hold on to them and wait for a capital gain in something else, or is there something I can do to take advantage of the capital loss right now?
Thank you very much for your help.
Kevin 'index fund investor from now on' Hinson
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