October 20, 2008
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Following up on previous articles about tax strategy and holding periods, here is another nifty trick to use to save taxes using the Magic Formula Investing strategy.
That is the same thing my CPA tells me ever year, to sell any stock that is down at years end to off set my capitol gains on the one's I sold for a profit!!
I assume this to only be true of the stocks I need to offset my gains up to the maximum I want to carry over. For instance this year I've got more loosers than winners. Am I better off selling a lot of the marginal loosers or a few of the deep loosers?