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I read an interesting book about mistakes invests made and one was if you have a stock the doing well and one doing poorly which should you sell?The answer is the one doing poorly because you can use it to reduce your tax while if you sell the one doing well you increase your tax. Aparently most people make this mistake. They hold the crap stock in hope that it will go up again and don't look at the logical choice to make more money.There was another bit about why majority of people by high and sell low too.
I read an interesting book about mistakes invests made and one was if you have a stock the doing well and one doing poorly which should you sell?
The answer is the one doing poorly because you can use it to reduce your tax while if you sell the one doing well you increase your tax. Aparently most people make this mistake. They hold the crap stock in hope that it will go up again and don't look at the logical choice to make more money.
There was another bit about why majority of people by high and sell low too.
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