I'm Glad I Missed $564 in Gains When Amazon Bought Whole Foods
When news broke of Amazon.com's purchase of Whole Foods (NASDAQ: WFM) for $42 per share, I started kicking myself. Roughly two months earlier, I'd sold my entire Whole Foods position for $31.16 per share, meaning I missed out on over $10 per share in gains, or about $564 total.
Compounding the pain still further, I sold the stock for a loss in a tax-advantaged retirement account, meaning I didn't even get to take a tax deduction for my realized losses.
A visual representation of my portfolio. Image source: Getty Images.
Source: Fool.com
