Nice article and reflection of your experiences. Strongly agree with this part, “I’ve gained in knowledge is much more valuable”.
The whole experience you’ve described helps insulate you from future disasters. Better to get the pain out of the way quickly and early!
Regarding offsetting gains for tax purposes, you mentioned this, “Even if that means buying back right away.”
Are you familiar with the “Wash sale” rule?
Something to keep in mind: https://en.wikipedia.org/wiki/Wash_sale
Didn't know this. That's why I love you guys always giving good information. This will help me craft my strategy. I will definitely be talking to my tax guy also about things I can do..... If anyone is reading this comment go check these guys out they have really useful info on their youtube and steemit channels.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit