1Wk·

Share loss pot

I have a problem and don't know what to do at the moment.

I don't really want to have anything more to do with individual shares. However, the corresponding loss pot is still filled with 3,700 euros.

So what should I do? Write it off or try again?

I have the following in mind $IREN (-1.65%) .

Any other suggestions? I would invest approx. 2,500 to max. 3,000 euros.

18 Comments

A@nitroxx

1Wk

But if you don't want to have anything to do with shares, Iren is a very bad choice

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Chris@Multibagger

1Wk

Unfortunately, you can't transfer them like SF classes with car insurance, otherwise I would give you my deposit number. I'm sure I could balance it out this year. Then we'd go 50/50.😂😎
All joking aside. You can of course implement the idea with the wiki manually. @Krush82 publishes its top 2 here every month. There aren't so many switches that the fees will eat you up if you always buy and sell the two that he switches. That way you stay in the stock pot. If his baking tests also apply to the future, you will be rid of your loss pot in 2 years, but keep your hands off such vola stars like $IREN.

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MarTheRadi@marda304

1Wk

@Multibagger Certificates do not serve the equity loss pot. Only share gains and losses do.

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Chris@Multibagger

1Wk

@marda304 You have to read carefully 😉 That's why I suggested to him not to get the certificate, but to trade the two values that are also in the wiki every month. They are openly presented here every month.

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MarTheRadi@marda304

1Wk

@Multibagger Ahjo. You're right.

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Michael@Happysurfer

1Wk

I have a similar problem. And I have decided to join krush's wikifolio until the loss pot is balanced and then invest the money directly into the wikifolio. It's about a momentum strategy of the two highest us stocks. If you are interested I can find the post from him

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Zackdela79@Zackdela79

1Wk

@Happysurfer Did I understand you correctly that you want to offset profits from the wikifolio against the equity loss pool? This is not possible, as there are two different loss pots and certificates such as the wikifolio run against the other.

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Michael@Happysurfer

1Wk

@Zackdela79 ne probably expressed myself a bit wrong. he has a wikifolio with momentum stocks, which I simply buy like him, so at the moment that would be $CIEN and $LITE. just follow the wikifolio . The isin is DE000LS9VVV3 . The second sentence should only mean that I will then invest the money in his wikifolio when the loss pot is balanced

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Zackdela79@Zackdela79

1Wk

@Happysurfer Ah okay 👍

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MarTheRadi@marda304

1Wk

Write it off. Let it be a reminder. Or maybe you'll make up for it later.
The stock only puts you under pressure. If it goes down 10%, you'll see the next loss and get nervous.

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Silas@Bein-Godik

1Wk

I did it the same way last year. However, I used $GOOG, $AMZN and $NVDA. $IREN would be too risky for the purpose

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Banana M.@Banana_Millionaire

1Wk

$BRK.B actually works in a similar way to an ETF. It may not work as quickly, but I think it's the safer, more relaxed option.

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Hendrik@hendrik_lmr

1Wk

Of course you can try again, but there is a risk that the loss pot will get bigger.

You could go for something boring but less volatile like $BRK.B or $MSFT and just hold the stock until the €3,700 profit is reached.

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Oleg@ScorpionfromBW

1Wk

You can claim it on your tax return. Unless you're no longer paying income tax, in which case it's obviously stupid.

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Thomas@Thomas_1963

1Wk

@ScorpionfromBW I think you can only offset share losses against share gains?

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Oleg@ScorpionfromBW

1Wk

@Thomas_1963 That could actually be the case. I completely forgot that there are two pots. Then I guess I'll write it off or take a chance.

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Metis@Metis

1Wk

Then you should rather choose stocks that will make a "safe" return if you don't have much of a knack for it.
Something like Microsoft, Google, or something boring like insurers or reinsurers.

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Felix177@Felix177

1Wk

One suggestion would be to realize the profit (if any) from IREN (i.e. to exhaust the €3,700) and then re-enter.

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