Well it now been a little over a year since I started reading this thread and about 9 months since I rolled over my 401K and started a IRA and opened a roth. I had about $25,000 to put in and my account currently sits about $27,000. I was quite a bit higher a few months ago but about 20% of my holdings are in two big oil stocks that have taken me down a lot. I'm not worried about either one bit since I have a 20-25 yr time line.
I just want to say how happy I am they this thread is hear and the information Greg and others have shared. Its going to change mine and my families future.
I do have one quick question. This week I opened a new taxable account since I can add to the IRA and the Roth is maxed for the year. Tax wise is there any rule about re-buying a stock you are taking a loss deduction on?
Lets say for example I own and love XYZ stock at the end of next year. It' down but I believe in it and I still want to own it. Can I sell it to take the loss but jump right back in it?
Last edited by gearheads78; 12-12-2014 at 11:16 PM.
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