When is the best time to sell some or all of your holdings in a position when they are in the red? I know there are some tax benefits to selling at a loss, so how best do I take advantage of that?
For example, I am considering cutting some or all of my deep red NUSI, PBW, MSOS, and IBUY to buy more Google. NUSI isn't down as much as the others (50% or more), so I might hold that one for the dividend at least, but I know that has tax consequences as well.
Last year, I was going to owe taxes on my gains, but the woman that files my return used my student loan deduction to cancel it out. That deduction will only be around for another year, so while I won't make anywhere near what I made last year, I do wonder when is best to dump my losers. Thanks!
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