John Lacelle: re tax loss peak sell point.
I have no facts as to when that might be. "They say", I believe, that it occurs in December, around Christmas time(?).
I just wonder. If "everyone" knows that there's tax loss selling in December and a January Effect, then I would assume rational people who want to take a tax loss would have already mostly sold, 1) to get a better price than would be got in December, 2) to free up funds for a Nov.-Dec. rally in better stocks, 3) to allow some time to figure, adjust, and ensure that enough sales(and the right kind) are made to minimize taxes, 4) to avoid a wash sale if they are going to play the January Effect.
My general operating style is to buy value when I find it. So my opinion would be, if you've got a value stock now at current price, buy now (i.e. at your 'next week sale price'). At least buy some now and lag in later if the price is still attractive.
I suspect these opinions are different from the majority; You may benefit from other posters' ideas here.
Paul Senior |
