Q: Hi
Would it be wise to take the capital loss in our cash accounts to off set some of our gains to date by selling GSY?
Then buying SU for growth and the dividend.
Thank you
Mike
Would it be wise to take the capital loss in our cash accounts to off set some of our gains to date by selling GSY?
Then buying SU for growth and the dividend.
Thank you
Mike
5i Research Answer:
We still think GSY is a HOLD. But at the same time, we doubt it moves much in the short term, and a capital loss is a guaranteed savings of taxes. We would be fine with a sell/re-buy, or sell for tax and wait strategy. We like SU but it will of course have entirely different influences.