This week, and really until Monday January 6th is a period of time I often refer to as “Garbage Time.”
This time between Christmas and New Years’ Day in the markets is a time to clean out the garbage in your portfolio. Many tax-savvy investors like to close out losing positions to help offset gains realized elsewhere. Other than this activity, there really isn’t any benefit to beginning any new positions during this time.
Of course, last year was the exception that proves the rule. [Read more…]