Tuesday, December 20, 2011

Cleaning Up More

Closed position in Morgan Stanley India Investment Fund (IIF) today. Another trade which became an investment. I am not sure if this conversion was right or wrong. Result is bad, sure, so it was wrong. I still feel that India is punished for wrong reasons and I'm still holding a significant position in India Fund (IFN). But it's a season of selling for tax reasons. This is a first time in my investing life I'm doing it. Thing is, I sold a lot of positions, taking a lot of profits, did some profitable trading and received a lot of taxable dividends. Now is the time to take some losses too.

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