At Extreme Investor Network, we are always looking for innovative ways to help investors maximize their returns and minimize their tax liabilities. One proven strategy that can help achieve both goals is tax-loss harvesting.
Tax-loss harvesting involves selling off losing positions in your portfolio to offset taxes on realized capital gains from your winning investments. This strategy is especially popular towards the end of the year, as investors strategize to optimize their tax bills.
To assist our readers in identifying potential candidates for tax-loss harvesting, our team at Extreme Investor Network utilized our advanced stock screening tool to identify large-cap stocks with year-to-date losses exceeding 5%. Additionally, we looked for stocks with average trading volume of over 500,000 shares and price targets suggesting further downside potential.
Among the names that met our screening criteria were Fastly, Carter’s, Figs, Kennedy-Wilson, Arbor Realty Trust, and Leggett & Platt. Fastly, a cloud platform company, has seen the most significant losses this year, with share prices down approximately 57%. Analysts have a neutral outlook on the stock, with price targets implying additional downside.
Children’s apparel maker Carter’s has also experienced a decline in share price, with analysts predicting more than 10% downside ahead. Similarly, scrubs maker Figs and real estate investment company Kennedy-Wilson are facing potential downside according to consensus price targets.
At Extreme Investor Network, we understand the importance of tax-efficient investing and are committed to providing our readers with valuable insights and strategies to optimize their investment portfolios. Stay tuned for more expert advice and analysis on how to make the most of your investments and achieve your financial goals.