Latest / Winning With Winans! / Tax Loss Selling: Don't Wait Until December to Cut Losing Stocks
Transcript
- speaker-0: You should begin to look at doing tax loss selling now. Don't wait till December. Why? Your accountants need to begin to gauge estimated payments. For many of you, you probably do estimated taxes. You need to tell them what you have in losses. You need to tell them what your your strategy is in co in charitable giving. You need to start doing that now, not do a fire drill at the end of the year. So we're going into earnings season. It's gonna like I said in segment one, it's gonna be very volatile, good, bad, and ugly. Let me give you one free piece of advice. Dump your dogs. If they have I don't care who's the CEO, I don't care how wonderful the product might be or this service. If they are if the stock is not performing well and you have losses in it and the earnings just came out and they got hit again, take it. Just get out. there's too many good things to buy. Why sit around in things that are not doing well? And that also includes very popular names.