RE:RE:Stocks...
Tminus1blkswan wrote: For me, I dont think that I would be further ahead by selling now and hoping to buy back cheaper accounting for the tax I'd have to pay next year. Depends on how much GBR goes down before you can buy back in I guess, and no one has a crystal ball in that one.
I got the problem with exchange rate to deal with. I never bothered telling, but I live in Sweden. The exchange rate has been taking its toll on my gains, and looking at the charts it seems the CAD will depreciate further to the SEK before there might be a trend shift.
https://www.xe.com/sv/currencyconverter/convert/?Amount=1&From=CAD&To=SEK
When I bought GBR the CAD was at about 7.20 SEK. Now it is 6.67. That is pure loss on my behalf. As I do not think GBR will sky rocket in the near future (I am sure it will longer term, say 4-12 months) it is better for me getting out and play something else for a bit.
So yeah, look at that link/chart again. The downslope since april is all loss for me, working against the gains I made so far.
So noppe, I am by no means bashing GBR. Just that my macro is different. Heck, even gold spot is lower not in SEK than it was back in april. despite spot breaking new highs. All due to exchange rate.