Q: Hi Peter,
I am down a little over 50% on Western Forest. It is in my TFSA account, so I will not get any benefit as a tax loss. I am willing to hold on to it if there's a reasonable chance that in a year or two the stock will start growing and a dividend will be re-instated. Would it be more prudent to sell the stock and take the loss and buy something else? And, do you have any suggestions for a replacement?
Jane
I am down a little over 50% on Western Forest. It is in my TFSA account, so I will not get any benefit as a tax loss. I am willing to hold on to it if there's a reasonable chance that in a year or two the stock will start growing and a dividend will be re-instated. Would it be more prudent to sell the stock and take the loss and buy something else? And, do you have any suggestions for a replacement?
Jane