The Group Chat: Buongiorno

Folks, we're officially in the final month of the year... That means scores of investors are in the process of making a rookie mistake.

This Strategy Will Go Stale in One Month By Karina Kovalcik, senior quantitative analyst, Chaikin Analytics Folks, we're officially in the final month of the year... That means scores of investors are in the process of making a rookie mistake. Next April, they'll do their taxes. And they'll realize they owe money to the government. But the good news is that it might not have to be that way... It all comes down to how you manage your losses. And more specifically, it involves getting the highest potential tax benefit out of those losses. It's easy to get excited about winning trades. We're all happy to make money, after all. But when it comes to losses... Investors will do just about anything to avoid dealing with a losing trade. And often that means letting losing positions languish for months – or sometimes even years. Fortunately, one solution is fairly straightforward. It's called "tax-loss selling." In short, it's time for us to crunch the numbers and see how much we expect to owe in taxes. With that knowledge, we can take some strategic losses to decrease our tax burden. And interestingly, this year presents a special opportunity for tax-loss selling... Recommended Links: This is what I'll tell the Pentagon next week While everyone's worried about inflation, cryptocurrencies, and a looming recession, professor and forensic accountant Joel Litman plans to deliver an even more surprising warning when he meets with top military brass at the Pentagon in just a few days. Here's what Joel thinks you should really worry about in 2023. The No. 1 Way to Save Your Portfolio Before 2023 Crypto is a bloodbath. Gold and silver have languished. Now real estate is tanking, too. The government sure as heck won't rescue you. But this little-known "recession loophole" could save your portfolio and retirement accounts. It's worked for close to a century. You'll be ASTONISHED at the proof, right here. No one needs me to tell them that 2022 was a brutal year in the markets. So like it or not, I'm sure some folks are sitting on some sizable losses right now. If that's you, don't waste time being unsure about what to do or holding onto your losers even longer. Instead, use it as an opportunity to pay fewer taxes. Start by checking your portfolios. Look for your year-to-date tax burden. A lot of brokerages will allow you to see that figure. But if you can't easily find it, call and ask how to get it. If your tax burden is positive (meaning you'll owe capital-gains taxes), consider selling some of your larger, longer-term losers that you haven't been sure how to handle. By doing that, you'll owe less money in taxes. If your tax burden is negative, you still want to be realistic... Last December, I explained how a 20% loss takes a 25% gain to get back to breakeven. So is there a realistic shot that the stock will rebound like that? If not, cut your losses. I know it hurts to realize losses. But it's always good to avoid paying the government more than needed. That's why this strategy is great to remember if you're sitting on some losers. And please note... if you're unsure about how to handle any of your investments, call your tax preparer. They'll ensure that you're making the most tax-effective decisions you can. The bottom line is simple... Clean up your portfolios while you still can. Don't obsess about your losers. Instead, use the opportunity to decrease your tax burden. This time of year, tax-loss selling is your friend. Good investing, Karina Kovalcik Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +2.27% 10 18 2 S&P 500 +3.08% 175 256 68 Nasdaq +4.56% 36 47 17 Small Caps +2.68% 644 854 388 Bonds +0.74% Information Technology +5.02% 27 40 8 — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish.. Major indexes are mixed. *  *  *  * Top Movers Gainers EL +9.70% NFLX +8.74% HPE +8.54% ETSY +8.38% NVDA +8.24% Losers NTAP -5.82% CRL -4.56% HRL -2.47% PXD -1.99% MPC -1.34% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close DG ULTA, VEEV PATH, SMAR CHPT, MRVL, ZS No earnings reporting today. Earnings Surprises SNOW Snowflake Inc. Q3 $0.01 Beat by $0.02 CRM Salesforce, Inc. Q3 $1.40 Beat by $0.18 SNPS Synopsys, Inc. Q4 $2.10 Beat by $0.06 HRL Hormel Foods Corporation Q4 $0.51 Beat by $0.01 *  *  *  * Sector Tracker Sector movement over the last 5 days Discretionary +2.54% Communication +2.04% Health Care +1.97% Real Estate +1.74% Staples +1.30% Utilities +1.28% Information Technology +1.18% Financial +0.89% Industrials +0.80% Materials +0.42% Energy -1.15% *  *  *  * Industry Focus NYSE Technology Services 12 18 5 Over the past 6 months, the NYSE Technology subsector (XNTK) has underperformed the S&P 500 by -7.33%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #9 of 21 subsectors and has moved up 3 slots over the past week. Top Stocks JD JD.com, Inc. BABA Alibaba Group Holdin NFLX Netflix, Inc. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2022 Chaikin Analytics, LLC. All rights reserved. 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