The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / General Motors Community


Subject:  Re: newbie GMH Blunder Date:  4/29/1998  12:17 PM
Author:  racerboy Number:  263 of 7023

I agree with AK. GM has been my strongest performer in my F$ (started last summer).

Take a look at GMH. Keep it if you think that it meets your own personal standards. If you dump it now, remember that you are going to get hit with the 28% tax on any gains it had. Of course. If the stock dropped since you purchased it, then a 28% loss might help to balance the additional commissions of selling GMH and buying GM.

Bottom line: It's up to you to make that decision. We had another Fool who wanted to get into Intel so he bought INTL instead of INTC. It happens, don't worry about.

Like Bruce says, "someday we'll look back on this and it will all seem funny".

racerboy :-)

Copyright 1996-2022 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us