Harvest your losses, reap tax savings

As the financial year winds down, savvy investors aren't just reviewing their portfolios for winners - they're hunting for losers, too. Sounds counterintuitive? Not when it comes to tax loss harvesting, a strategy that turns red into green by strategically offsetting capital gains with losses. Before you sigh over that underperforming investment you bought in a moment of inspiration (or miscalculation), let's walk through how you can make the most of your losses before March 31. Step 1: Identify your losses Go through your portfolio and spot the stocks, mutual funds, or ETFs in red. The goal isn't to panic sell but to realise a loss to offset taxable gains elsewhere. Step 2: Match your losses with gains Not all losses are create

This article was originally published on March 21, 2025.