KGIC Inc LGLTF

About 250 of us are committed to the recovery so wait/orlose

[60606060]

Any new money can be put elsewhere-I'm in gold/silver now and am waiting for LRN to show the progress I expect. Tax loss selling is crazy and you can only claim $2000/yr. No one has big wins to take up the tax loss.

[BigShoes13]

What are you talking about regarding the $2,000 per year? Tax loss selling is simply taking a loss in order to off-set a gain in another stock. So someone can have a big win in another stock and sell KGIC and claim a loss on KGIC to off-set the gain on the other stock. And there is no limit.

[60606060]

I assumed that no one has made the gain needed to off-set a big loss in KGIC. Morrison is really losing if he sells as it would take years to make the gains from other stocks to off-set his loss. You can claim $2000 from past years if you haven't had any gains in sold stocks.

[InternalAudit68]

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[banx]

606, some investors have made millions on resource stocks this year. Morrison has had wins beyond Kgic. He got taken in by korean bs. Losses can be carried forward for 4 years. I have no idea where your $2000 limit comes from. Morrison is a smart investor that makes few mistakes. Kgic was one of the few mistakes but it was painful and large.