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Implications of Tax-Loss Harvesting

With the end of the year quickly approaching, it’s time to think about one thing… and that’s taxes. As one of the only certainties in life, Uncle Sam always gets his share. The question is just how much will he fill his coffers. Keeping more of what you earn can be more important than the return on your investment in a lot of cases. And there can be ways aside from actual tax fraud to lower your tax liabilities.

One of the most effective ways is tax-loss harvesting.

Selling your losers to benefit your winners may seem counter-intuitive. In reality, dumping sagging stocks, mutual funds or exchange traded funds (ETFs) can benefit you on the tax side of the equation. Even better is that there may be ways to stay invested in similar assets after the sale. For investors, familiarizing yourself with tax-loss harvesting can make a ton of sense these days.

Learn more about portfolio management on our Portfolio Management Channel.

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