The worst trade I've ever made was META at ATH of $750. And somehow I bought in my IRA. I really don't know what I was thinking. Maybe I invested drunk? Seriously, I've beaten myself up about this every day since.
Since I can't sell at a loss to offset capital gains I've been torn; do I wait for META to eventually get itself together and gain enough for me to get out back at my original price?
Or is it worth eating the loss and using that remaining capital to reinvest in something that will rise and eventually make up the difference? Like investing in the more consistent GOOGL? Even VT?
Obviously we can't know, but I've lost such little hope in META with Zuck's awful business choices. But they have a large hold on social media. By sheer inflation I'd think META would eventually rise in price over the next decade. I'm not pulling out of my IRA anytime soon.