Last time, I wrote about the importance of rebalancing the portfolio. Today, let’s look at the other year end portfolio fixing task – selling your losers to get the capital loss tax deduction. Tax deduction? You may think I don’t have to worry about tax until April. However, you have to take action now before the year is over to get the tax deduction for 2011. If you wait until 2012, then you won’t get the tax deduction until April 2013. That’s why the end of the year is a great time to sell some of the losers in your [...]
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