1Yr·

Hi dear community, I'm sure you all still have one or two portfolio skeletons in your closet or positions that you bought at the beginning without much analysis.

For me it is $WBD (-0.31%) Warner Bros Discovery, which is now over 50% in the red.

The hope that the last quarterly reports could bring a turnaround has been dashed to the wind and the outlook from the company management for 2024 is not exactly exhilarating either.

The question now is, how do you deal with such positions?

Admit mistakes, liquidate the rest and look to the future or fight to the end? 😄

My train of thought was that after the spin-off from $T (+2%) AT&T and the associated restructuring + cost savings, they could get on a green branch and their enormous company size would one day become an advantage on the market...

The current interest rate policy, the still ongoing strikes and the general uncertainty in the industry doesn't exactly make the situation any easier...

What do you think?

18 Comments

Alpalaka@Alpalaka

1Yr

I was once at -70% with a position and missed the exit. Annoying I then sold it because I was so annoyed by my stupidity. In other words, I would admit my mistake and sell. P.S.: You don't sell with a minus, you fill your loss pot :D

•

Marcocosinvest@Marcocosinvest

1Yr

@Alpalaka Haha yes, of course you could look at it like that too! The tax-free future potential. 🤣 It's just really annoying and whenever I think about selling it, I always have the ulterior motive that my own idea will work out at some point. 😄

••

NEWT@SteelAnacott

1Yr

Investments that I am no longer convinced of, for whatever reason, are liquidated.

•

Marcocosinvest@Marcocosinvest

1Yr

@NEWT1 Conviction is one of those things. In the long term, I am, but somehow I don't want to spend the next two years watching things go downhill. 🤣

••

NiMe@NiMe

1Yr

@Marcocosinvest if you see a better chance, dissolve it.

••

Marcocosinvest@Marcocosinvest

1Yr

@NiMe There are plenty of better opportunities than $WBD. 🫣

•

Lukas M.@Lukas2998

1Yr

Please take a look at the sunk cost fellacy. Whether the position is negative or positive is basically irrelevant. The decisive factor is whether you expect a better result from the position than from an alternative investment. If this is not the case, sell immediately. Imagine you still had the remaining amount in the position as cash. Would you buy the shares with it now or would you prefer an alternative?

•

Marcocosinvest@Marcocosinvest

1Yr

@Lukas2998 Thank you! I never really thought of it like that. 🫣

••

Ella Marie Waschbär@DividendenWaschbaer

1Yr

I've got another portfolio with a current -95% or so. It will stay in until I'm back at 0 and then I'll sell it. Simply out of principle.

•

Marcocosinvest@Marcocosinvest

1Yr

@DividendenWaschbaer The strategy would fit in well with my "hopes", but in the end you end up wasting the other 50% too... At least in my case. 🤣

•

Ella Marie Waschbär@DividendenWaschbaer

1Yr

@Marcocosinvest In your case, absolutely. But for me, the train has left the station. The few bucks I still have left won't get me anywhere else.

•

Marcocosinvest@Marcocosinvest

1Yr

@DividendenWaschbaer Pooh yes, here it would still be a good €500...🫣

••

Ella Marie Waschbär@DividendenWaschbaer

1Yr

@Marcocosinvest Joa, I still have 50 😂

•

Bierchen C.@GuenDolf

1Yr

@DividendenWaschbaer I feel the same way with TUI. I missed the capital measure back then and didn't exercise my subscription rights... I'm now down almost 84% and the few euros don't matter...

•

Dennis@GordonGekko83

1Yr

There are really only two options: 1. if my exemption order for one year is used up, then the positions that are in the red and that I am no longer convinced of will be liquidated and offset against profits. 2. the stocks that I am still convinced will "turn the corner" will be held and at best expanded, be it via a savings plan or individual purchases. Simply holding a "grey pearl" on principle is not an option for me. What's the point?

•

Marcocosinvest@Marcocosinvest

1Yr

@GordonGekko83 You're right! You could ask yourself the question "Would I continue to invest in this position?" If the answer is no, you've actually already made the decision. 🫣

•

Malte@Malte123

1Yr

I would sell if I am no longer convinced by them. If the stock paid dividends, you might consider it. Maybe look to sell if you have profits above the exemption order.

•

Luffy@Luffy3D2Y

1Yr

0 Deposit corpses.

••