Quote:
Originally Posted by tyrith
Primary reason to take a loss would be for tax reasons - to offset a large capital gain from some other investment. On a half million dollar loss, if there's an equal gain to offset it, you could easily be talking about freeing up $100K+ that would otherwise go to the feds. It's not worth holding on to the card at that point if you don't have a real expectation that it will go up.
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Overpaying for sports cards as a hedge for profits in equities or real estate profits? That’s an interesting concept.
But if you have major capital losses this year due to crypto/stock losses, there would be no reason to take an additional half a million hit unless you really need the money.