Prime stock picks for buying now for the new year – despite their appeal as candidates for year-end tax-loss selling before the Dec. 30 deadline.The lure of avoiding taxes can spur investors to make costly mistakes. Chief among those errors – especially at this time of year – is the urge to dump high-quality stocks that are down in order to realize a tax loss for 2024. Still, mistakes by others can offer you bargains, as the best of these stocks often rebound sharply in the new year.
In fact, some of the lowest-risk, highest-profit investments you’ll ever make come about because you bought a good stock when other investors were ignoring its value and selling it, particularly during tax-loss season. We started this search with an extensive list of dividend-paying stocks that were down in 2024, before singling out those further battered by tax-loss selling. They otherwise have promising outlooks bolstered by leading market positions.
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofFishing for low-volatility dividend stocks? Try this portfolioTELUS Corporation