Thanksgiving's Over, but These Investments Say 'Gobble Gobble'
Fairholme and Bank of America are Morningstar.com readers' top turkeys this Thanksgiving.
Are you still working through the turkey leftovers from Thursday's Thanksgiving repast? Don't put away grandma's recipe for turkey tetrazzini just yet because there's another helping of the big bird on the way. I recently asked Morningstar.com users posting in the Investment Basics forum of Morningstar.com's Discuss boards to share their portfolios' biggest turkeys--losing holdings they've dumped or at least wish they had.
Posters shared a broad swath of mutual funds and individual stock holdings that they'd put under the "turkey" banner. Many posters noted that their laggard holdings had seemed "too cheap to sell," but they went on to fall further still. Several posters noted that their losers had been valuable because they'd made them better investors along the way.
Christine Benz does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.