So I have about 20% of my portfolio (mistake #1) in Alamos Gold(AGI.TO) mid-tier gold producer on the TSX. Average price of $9.02. I'm down about 22% and it seems to just drop more and more. It mirrors Barrick Gold with greater dips/gains on the charts. Seemed like a good company (or at least I thought) have had the stock since mid-2016. They are a growing company with new stakes and future mines to be opened (with good potential) but I think gold mining sector as a whole is terrible right now and want to get out.
Now all of my other investments are in blue chip companies with good dividends. With the recent pullback some are still + some are low -. I don't want to sell those I'm long on those and don't want to sell.
Reason I want to sell AGI is that I recently bought a house so would like to pull that money out to do some renovations. I was just wondering if anyone has any advice on how to take a loss properly? I don't really want to lose ~$2k so might wait it out to lower my losses but does anybody else have issues letting go of loosing stocks? Timing the market is impossible and I just got in and didn't get out at the right time.
Is there good ways to take a loss, get tax breaks? Should I just stay in and wait to lower my losses a bit since the market the past few weeks has been a bit volatile?
Don't think I'm cut out for high risk stocks tbh
Submitted February 05, 2018 at 09:35AM by TheUsernameCreator http://ift.tt/2GOO4M9
