In mid February I sold all my shares of Apple due to concerns with future growth, I had owned Apple for well over 5 years and had healthy gains. I rolled all of the capital into AMZN as I feel they are a better long term investment. With that being said I currently own GOOGL but my cost basis is terrible. I’m thinking about taking a loss on my google right now in order to cover the gains on my Apple. In order to avoid the wash-sale rule I’ll have to wait 31 days before buying back into google. For me google is a long term hold there for I’m not really worried about the loss at this point. My biggest question is do we feel that google will be back to my cost basis (331 per share) in 31 days or is it safe to make the trade now? Thanks for the input.
Capital gains question, all help is appreciated
byu/According_One3944 inpersonalfinance
Posted by According_One3944