Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

progree

(11,713 posts)

12. A good plunge is an opportunity to do some trimming and pruning with reduced cap gains

Reply to A HERETIC I AM (Reply #11)

Fri Feb 28, 2020, 10:28 PM

Feb 2020

or with capital losses. Like in 2008-2009 I took the opportunity of getting rid of a bunch of inherited individual stocks (from 2004) and a couple of accounts complete with all their stuff, and consolidate the proceeds into stuff that I already owned from before (all equities). And I ended up with a net capital loss on all that of like $24,000 IIRC which reduced my taxes for many years after that.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

16 replies

= new reply since forum marked as read

Highlight:

Don't panic [View all] question everything Feb 2020 OP

"Never sit around discussing things rationally when the situation calls for panic"-George brewens Feb 2020 #1

Note that each of your market drops was progressively worse than the last. empedocles Feb 2020 #2

Amount, not percentage question everything Feb 2020 #5

Big pic, each drop from a general investment perspective, was worse than the last. empedocles Feb 2020 #7

Thank you Delphinus Feb 2020 #3

If you have a long time horizon, that is sound advice... Moostache Feb 2020 #4

Agree. And there is adequate amount of cash in our taxable account question everything Feb 2020 #6

Same here. safeinOhio Feb 2020 #8

.. question everything Feb 2020 #9

I use my dividends for income in my old age, but safeinOhio Feb 2020 #10

Events like this are why it is a good idea to keep some cash A HERETIC I AM Feb 2020 #11

A good plunge is an opportunity to do some trimming and pruning with reduced cap gains progree Feb 2020 #12

Perfect! A HERETIC I AM Feb 2020 #13

True. I wish it was all in IRAs (prefereably Roths) so I don't have to worry about tax implications progree Feb 2020 #15

On the inheritance - I was lucky, my parents both believed in equities because of its vastly vastly progree Feb 2020 #16

And... in praise of our 50-50 stock bonds question everything Feb 2020 #14