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Home > Lost $1,000?

Lost $1,000?

February 10th, 2014 at 05:00 pm

A stock I bought few days ago already plummeted to over 1,000 down - from 13 to 8.

The irony is, I did not lose this money on something that was highly speculative (where this would be expected), but on a stock I intended to be a long term investment.

I am having a hard time not considering us to be 1,000 poorer. Though if I had gained 1,000 from a stock going up, I would not have counted it in my budget in any way, as it would be unrealized gain and an investment, not part of daily life.

But it is hard not to feel that way, losses feel 20 times more real.

Posted in Uncategorized | 3 Comments »

3 Responses to “Lost $1,000?”

  1. Carol Says:
    February 10th, 2014 at 05:05 pm 1392051945
    1392051945

    Take the tax loss?? Rebuy later (30+ days) if you still like the company? But really you articulated something that psychologists have been writing books about. The losses hurt more than the gains give pleasure. Hmmm...

  2. BuckyBadger Says:
    February 10th, 2014 at 06:09 pm 1392055755
    1392055755

    I thought I read somewhere that the bulk of your investments is in long term, low cost index funds.

    Is this true?

    I hope so, because you can lose money really fast with speculating on individual stocks. I would - personally - stop doing that.

  3. snafu Says:
    February 10th, 2014 at 06:27 pm 1392056873
    1392056873

    The research suggests the next two years are going to be even more roller coaster than the past two years of mostly upward momentum. Since you bought this stock as along term hold, what do you see as it's potential in 8 months, or two years? If the potential is gone, sell and learn about your risk tolerance. Next stock purchase include a 'stop loss' figure. If the stock drops 'X' % it will automatically be sold. Many of us have a target 'sell' price as well, to lock in gains. Fact is your loss is merely on paper unless you take action.


    I know I had a stomach ache 2008 - 2010 as I kept to my plan, held my nose and kept buying Index. MF. My small cap fund is still slightly less per NAV from it's high and I'm waffling because I like the holdings.

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