Window of Opportunity
Us gold and mining afficionados, have a wonderful window of opportunity in front of us. Last week I posted about the “Rocks Being Ready To Roll”. I am sure we all have at least a few that are down for 2021 and from where we bought them. If, you hold any in non tax exempt accounts(I know you guys and gals North of the border don’t have the same tax laws) you can sell losers and put the proceeds in others you want to own. You establish losses to offset gains on other sells during the year and maybe get the $3000 write off(and possible carryforward). By changing actual stocks you avoid the wash sale rule. The rocks are going to be big winners in the next few years but year end tax loss selling may delay the start. You have a window to get positioned but don’t wait until the last minute as gold and silver will be higher by year end.
I guess tomorrow is the $1840 day…right?