In the News

Title

Selling Your Losing Stocks and Admitting You Were Wrong Could Net a Gain

Document Type

Article

Publication Date

12-31-2015

Abstract

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.