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Inergy, L.P. Message Board

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  • frankjamescosentino frankjamescosentino Mar 14, 2012 2:45 PM Flag

    Way Down - Now What?

    Now what....Why don't you just simply take a "good" tax loss, and rebuy all (or at least 1/2) of this back after all this settles (around May)? - I can guarantee you will reap the tax "profit" by doing so, save you a lot of stress (or dental fees by "gritting [your] teeth" -lol), and re-think this investment (no sooner 30 days as per IRS rules) definitely AFTER we know how bad NRGY's distibution cut is going to be(and at least see its ultimate direction....up or down, down, down) - G.L.!

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    • <<Why don't you just simply take a "good" tax loss>>

      I always sell a loser before it turns into a 1-year loser. Even in my tax deferred and tax exempt accounts. It did not work out, it is a piece of paper, get rid of it. What looks best now? Something you lost money on? Unlikely.

      • 1 Reply to lincolnparker60614
      • If you rode NRGY all the way down, do some research before selling at what could be near bottom. Don't look at your basis. Look at NRGY's potential upside versus alternative equity choices. If you think NRGY has 20% upside with a likely 5% dividend, do you have another stock with that potential upside? What is your conviction level and your risk level on both stocks? If you can take a tax loss, it's probably best to sell; in an IRA, you need to make a careful decision because you are taking the full loss. I hate selling losers in an IRA; but I really hate seeing losers sitting there as dead money for a year or more.