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Message:: [QUOTE="-jeffB, post: 7677623, member: 27832"]This is where I once again remind everybody that "playing with house money" is often used as a fallacy to justify hanging on to a speculative investment. Yeah, you've sold enough to cover your initial cost, and what you're left with is profit. Except really, or at least as far as the IRS is concerned, profit is apportioned, so you can't just pretend you're selling 1/2 of your stake for your total initial cost with no profit involved. More importantly, you're still speculating with what you hold, because you're continually making the decision to keep the money in that investment, rather than moving it into something else. If you care about your wealth, you need to manage that "house money" the same way you manage the rest of your money -- because money is money; it's fungible.[/QUOTE]