Reminder: Cull your portfolio dead weight now to reduce your taxes


The market is ranging and the odds of it doing so between now and the end of the year are pretty good. This lull in market activity is the perfect opportunity to review your portfolio and clean it up before the end of the year.

Everyone has some of those coins in their wallets that were bad decisions for whatever reason. They’re down and the odds of them coming back are somewhere between slim and none.

Depending on your country’s tax laws, you can sell them before the end of the year, realize the losses on those coins, and use them to reduce your taxes.

Personally, I just went through and did some culling myself; so I thought it would be a good reminder to share that piece of advice.

submitted by /u/dado3
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