The Tax-Loss Harvest: Your Last Chance

Get a position before the deadline

Here is an update on the tax-loss trade and the fills I have had.

Note: tax-loss selling ends on Dec 30 in Canada and Dec 31 in the US, so there is still time to get a position.

In case you missed it, the premise is of the trade is this: in December investors sell their badly performing stocks to realise a loss to then offset against gains elsewhere. Thus, they reduce their tax bill.

As a result there is “excess” selling in some companies. Come January, the selling usually stops, and the stocks rally.

The trade is to buy into the selling, then flip in a month or three, as normality resumes. Here is the original article in which I suggest nine companies that have seen “excess” selling and are poised for a January-March bounce.

Turning Tax Losses into Gains: Your December Stock Picks

As I say, you still have time to take a position.

I’ve got roughly 90% of what I was after. I’m hoping to get filled on the remaining 10% on Monday. Here are the fills I’ve had: