Menu

1 / 2

Your Stock Portfolio Just Got Hammered: Here's a Tax-Smart Way to Recover

Kiplinger·Daniel Goodwin·7 months ago
#DSfRP5Av
Reading 0:00
15s threshold

(Image credit: Getty Images)

I've been getting a lot of calls lately that start the same way: "Dan, I'm done."

Done with the volatility of their stock investments

Done watching their portfolio swing wildly because oil prices are soaring through the roof

Done refreshing their brokerage app at 7 a.m. and feeling their stomach drop before their morning coffee goes cold

If this sounds familiar, keep reading because what I'm about to share could turn a very bad beginning to spring into the starting point of a very smart financial move.

What's happening right now

It's been a wild ride, to put it politely. Just a few weeks ago, the market was looking wobbly, and certain sectors really got hammered. Since the Iran conflict erupted at the end of February, oil prices surged past $100 a barrel, peaking at $117 before settling back in the mid- to high-$90s.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.