When you lose money playing blackjack, you only have to push yourself away from the table and head for the $9.99 all-you-can-eat buffet. But when you lose money in the market, backing away from your losses isn't nearly that easy. You have to make tough decisions about what to sell, when to sell it and where to reinvest that cash. Investors are grappling with how to handle all the losses they've racked up over the past two-and-a-half years. Here are some useful comments from a few readers along with some helpful hints.
On the other hand, if a fund has performed poorly compared to its peers over the past several years, then you may want to move your money elsewhere -- into a similar fund or perhaps a less-aggressive one. Pink Sheets, now sells for about 14 cents a share. For 100 shares, you'd get about 14 bucks. And you'd probably have to pay more in a commission to sell, so that trade may not be worth it. Hey, you could always try to sell your stock certificates on eBay.