Latest / Winning With Winans! / Summer Investing Strategy: Sell Your Losers & Follow the Market Trend | Winning with Winans
Transcript
- winning with winans: What should you do as a summer strategy? We're going through earnings season right now. Simple. Sell your losers. I don't care how cheap they are. I don't care who the CEO is. If they have gone through this powerful, powerful rally that we have had since last year and they have lagged, imagine what they're going to do when we finally do have a sell off. I really do believe in that, folks. And look, if you've lost money on them, on anything, just remember this rule. If you sell a losing stock and you like it in the long term, If you s and talk to your accountant, I'm not an I'm not a tax advisor, but I do know this rule. You stay out of it for just like a month. Okay. You can buy it back. You get to keep the tax loss and you do get to own the stock for the long term. But listen, I think at the end of the day, just remember that. also just go with trend as your friend. Don't the pundits are saying the market shouldn't be doing this. We're getting ready to go off a cliff. I gotta tell you right now, there's a lot of strength to this market.