Lately Apple has been killing me with their decline in share price but I'm still in the positive at 28.46%. So I opened up the little tab showing me when I purchased the shares and notice that my last purchase is down 19.26% while the rest of the shares still have a positive percentage gain. Is there a way to sell off those shares and take the loss while maintaining the positive shares in my portfolio? I recall Greg mentioning something like this but I am not quite sure if I understood Greg correctly. I haven't lost faith in Apple yet to want to sell all the shares but eliminating the shares with a loss I think would be a smart move for now. ANy opinions on this?
Lately Apple has been killing me with their decline in share price but I'm still in the positive at 28.46%. So I opened up the little tab showing me when I purchased the shares and notice that my last purchase is down 19.26% while the rest of the shares still have a positive percentage gain. Is there a way to sell off those shares and take the loss while maintaining the positive shares in my portfolio? I recall Greg mentioning something like this but I am not quite sure if I understood Greg correctly. I haven't lost faith in Apple yet to want to sell all the shares but eliminating the shares with a loss I think would be a smart move for now. ANy opinions on this?
Posting from my phone.
Schwab has a check box you can check before any transaction that has tax lots factored in. But I'm not where I can read whether or not you can just sell shares with a loss first. U can always call your brokerage to ask questions like this.
Lately Apple has been killing me with their decline in share price but I'm still in the positive at 28.46%. So I opened up the little tab showing me when I purchased the shares and notice that my last purchase is down 19.26% while the rest of the shares still have a positive percentage gain. Is there a way to sell off those shares and take the loss while maintaining the positive shares in my portfolio? I recall Greg mentioning something like this but I am not quite sure if I understood Greg correctly. I haven't lost faith in Apple yet to want to sell all the shares but eliminating the shares with a loss I think would be a smart move for now. ANy opinions on this?
Personally I'd hold till they report this quarter. I think their Christmas sales will be pretty strong. But that's just my guess.
Thanks for the response Greg. My curiousity got to me more than the desire to want to sell the negative shares. I just noticed the negative shares are what's affecting the overall performance by averaging down the positive shares value. This is in my Fidelity Rollover IRA account and I'm not sure I can sell just the poor performing shares without actually dealing with a broker in person.
Since you hold the stock in an IRA -- there's no provision for taking a tax loss... so unless you just don't like the stock - I'd hold it. I'd only sell if you had a TAXABLE account and wanted to do a year end "take some profits and offset some of that with a loss". But you can't do that in an IRA.
Remember that the day after you sell -- the stock will run 60 points.
I've been an Advanced Open Water diver since 1989.... I quit taking pics long ago. Well.... That and there's nothing exciting about pics of a beached whale.
Lately Apple has been killing me with their decline in share price but I'm still in the positive at 28.46%. So I opened up the little tab showing me when I purchased the shares and notice that my last purchase is down 19.26% while the rest of the shares still have a positive percentage gain. Is there a way to sell off those shares and take the loss while maintaining the positive shares in my portfolio? I recall Greg mentioning something like this but I am not quite sure if I understood Greg correctly. I haven't lost faith in Apple yet to want to sell all the shares but eliminating the shares with a loss I think would be a smart move for now. ANy opinions on this?
Hopefully you haven't blown the Apple (AAPL) out yet -- 'cause just look at the nice move it's had today... Thus -- I'd continue to hold. After today - nobody will be selling in order to lock in the huge gains at LTCG's tax rate.
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