Owen Raszkiewicz
speaker
1,164 appearances
4 recordings
1 series
first heard Jan 2020
last heard Jun 2021
Owen Raszkiewicz’s voice in public audio — every appearance, attributed to the second.
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Appearances
So that's something.
So for most people, you can think about round figures here.
If you sell an investment, you're probably going to pay 30% capital gains tax or like a discounted rate if you've had it for a while.
So just think about that.
You've also got to overcome the tax drag that happens.
So...
In summary, no matter what you do from here, I've had this problem both ways in sitting on losers or winners, is you almost always feel like you're going to get it wrong.
And sometimes you do, to be honest, especially in the short term, you really don't know.
Like I sold a company earlier this year, 2020, at $190 and now it's $900 less than six months later.
It's a US company.
So just write down your reasons for owning something in the first place.
Write down your reasons why you sell it inevitably, like this time, and just own the decision.
Own why you did it.
Yeah, and it is and it's wrong because you're basing your decision on price, which is totally random in the short term.
Yeah.
You don't own a home just because you're like, I'm going to wait for it to get to $700,000.
You don't think like that.
You think, this is a good investment.
I don't know how long it's going to take to get to $700,000, but I'm just going to own it.
And so, yeah, we don't let the price wag the dog around here, let the decision making.
Showing 201–220 of 1,164 · page 11 of 59
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