Taxes: Preparing for Year-End

Just a quick and simple reminder that as the year ends one strategy some trader's employ is to sell stock holdings that are in the negative. This reduces your yearly return on investment but it also limits the amount of taxes you pay for the year by allowing you to write off the losses.

It all depends on how to see it: glass half-full or glass half-empty. Oh.. and of course check with your tax advisor before you jump in a sell!