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Sold one losing stock

December 24th, 2020 at 04:12 pm

I figured with the end of the year looming, it was time to unload one loser in our portfolio: ARLP.

I bought it in 2019 for an average of $14.76/share.

I sold it for $4.46.

Yes, I should have dumped it sooner but it was a very small position so I kind of ignored it. It had dropped as low as $2.30 a few months ago and at least crept back up a bit. But selling it now will let us take that loss to offset some of our 2020 gains so that's useful.

Posted in Personal Finance | 2 Comments »

2 Responses to “Sold one losing stock”

  1. rob62521 Says:
    December 24th, 2020 at 08:05 pm 1608840355
    1608840355

    Ouch on the loss, but the tax benefit might be to your advantage.

  2. terri77 Says:
    December 25th, 2020 at 03:48 pm 1608911307
    1608911307

    Better luck next time!

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