When we do, we look for opportunities to offset them by taking a loss in the bond portion of a portfolio or selling one of the unsuccessful ideas that inevitably find their way into every portfolio. There is no tax penalty for selling losers, and they can provide the benefit of retaining more capital gains. Moving in and out of stocks in an attempt to time market movements or chase the latest fads is not only impossible to do with any consistent success, but it also generates enormous transaction expenses. By keeping these costs to a minimum, we strive to maximize real returns for our clients. Past performance may not be indicative of future investment results.
Any investment involves potential risk, including potential loss of capital.
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