How Low Can It Go?

[KLHJ2]

I sold last September and I claimed my losses on my taxes. I am looking to buy back in within the next couple of months. By my estimation despite my losses I am about to make some considerable gains in the future. Is that wrong...Schneed?

[Schneed10]

Originally Posted by Angry

I sold last September and I claimed my losses on my taxes. I am looking to buy back in within the next couple of months. By my estimation despite my losses I am about to make some considerable gains in the future. Is that wrong...Schneed?

That's what I'm doing. I'd caution that you shouldn't go heavy on stocks if you need the money within the next 10 years. Otherwise, it's a great time to go for it.

[firstdown]

Originally Posted by Angry

I sold last September and I claimed my losses on my taxes. I am looking to buy back in within the next couple of months. By my estimation despite my losses I am about to make some considerable gains in the future. Is that wrong...Schneed?

Angry, I'm no tax guy but if you right off your losses one year I think it has tax issues when you buy back in . I could be totaly wrong but I believe there are tax rules that prevent people from selling at a loss, writing them off then turning around and buying back in at lower prices. You might want to check that out.