Selling Your Losing Stocks and Admitting You Were Wrong Could Net a Gain
Robert R. Johnson
Selling your stocks that have lost an insurmountable value appears like a practical financial decision to make since there is a tax advantage, but an overwhelmingly percentage of investors are loath to take action.
Accepting a loss is extremely difficult for many people to accept and even harder for diehard investors who are convinced they made the right decision, resulting in this phenomenon.
Chang, Ellen, "Selling Your Losing Stocks and Admitting You Were Wrong Could Net a Gain" (2015). In the News. 905.