Harvesting Stock-Market Losses

Losing money this year? Who isn't? But there's still time to convert those beaten-down stocks into tax savings

Harvest season is over for most crops, but there's still one more to gather: your stock-market losses. Though the market has rallied in recent weeks, over the course of the calendar year most of your stocks have probably wilted. Selling now may seem like admitting defeat just when some of your old favorite shares are starting to show signs of new life. The end of the year, however, is the time when investors traditionally separate the wheat from the chaff with an eye toward both portfolio cleanup and tax savings.

The first question to ask yourself is whether there are other...

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