Let's Take Stock

Tax-related selling and October jitters are driving down the markets. Here's how to benefit

By now you may be asking yourself, why didn't I just sell all my darn stocks in August? Indeed, why not do that every year? Fair questions. On average, September is the market's worst month, often resulting in a pullback that spills into October--a month best known for crashes but also often a good time to start buying again. So why not just sell into August rallies and buy into October declines year after year?

Taxes, of course, are the big reason. If you never sell, you'll never owe Uncle Sam a dime of your gains in your lifetime. The futility...

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