Alerts & Commentary
Personal Commentary – Cramer
Cramer actually made a great point in his program today that bares repeating.
As a general rule, investors and traders should almost never hold onto stocks or positions based on not wanting to pay the taxes.
Although every position is, or can be, an income generating vehicle for your portfolio, if the fundamentals of your original decision to enter the position has changed, exit the position and move on to something else, regardless of the tax consequences.
Paying taxes is a problem we all want to have. If you’re not paying them then that probably means you aren’t making any profits.
So unless you are adept at making adjustments to your holdings that take advantage of changing stories or fundamentals…
Suck it up, pay your taxes, and move on.
Coach BD
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This, like any general rule, has exceptions. If you have specific questions about some of these exceptions, or about any of your own holdings that may fall into this area, please contact us.
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