Monday, March 30, 2009

The Silver Lining of Stock Losses

We have covered some of the opportunities that a depressed economy can provide some people.  What about that bank stock that you own?  One possibility is selling an asset for a loss to help offset capital gains tax in the present and future.  While the idea of selling an asset at a low point might make one cringe, the tax offset might be worth it.  If you have a lot of nearly worthless stock, you might want to discuss this strategy with your financial planner and/or accountant.

1 comment:

Anonymous said...

Keep up the good work.