Market corrections can be a great time to reposition your stock portfolio. You could be better off buying and selling stocks in low markets. Yes, you might sell low or at a loss, but you also buy low. If you sell low you incur less in the way of capital gain taxes.
If there some stock you have had a long time, but did not want to sell because of large capital gains made over the years, perhaps you should sell it at market lows and buy something else that you like better for the longer term going forward. You would probably save money doing this then doing your buying and selling in more normal market times.
On my other blog I am today writing about Emera Inc. (TSX-EMA, OTC-EMRAF) ...continue...
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my site for an index to these blog entries and for stocks followed. Follow me on Twitter.
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