Selling at a Loss
I recently encountered a LinkedIn post where the member posted about his individual stock trade saying he sold company stock at an 88% loss. The post continues was online without any comment from the company. Where is the social media coordinator for this company? Looks like they need one, (happy to do that), contact me!
Sadly, this 88% LOSS post became the TRENDING top-positioned comment at the company's web-site. Someone at the company needs to turn off comments / manage / delete the comment, or respond to this person, at minimum.
There is an underlying feeling associated with the comment, (because it's on the company's LinkedIn website) that somehow it might just be the company that was at fault for his 88% loss. Unbelievable. Very uncool, dude. You need calling out for your shit-post, but more importantly, the company needs to manage this, not just let it go.
So, we are here to talk about negative comments on company websites on LinkedIn, and how companies should manage those posts. Also, for investors, let's get to the bottom of what it means to sell at an 88% loss. HODL dude, HODL. Or not, and take that 88% loss.
Managing LinkedIn Websites
Like most posts, there is a delay between my writing and actually posting online. I am writing about current issues, not issues of the minute, not reporting hour by hour.
A week later, the company now has plenty of new news, and that post has been hidden.
Selling stock at a loss
The lesson however, should not be lost, and that lesson is "selling stock at a loss".
Nothing is black and white. It's a common theme across investments. There are times in the year when tax-loss-harvesting is advisable. You take the loss to cover gains elsewhere.
However, most folks do this quietly, don't advertise the loss so publicly on the company's web-site.
Investing, at any level involves risk, including possible loss of principal. Cover your losses, but quit whining, it's not a good look.
#teachablemoment #investing #LinkedInBehaviors #HODL #LinkedIn #taxharvesting
