Grab your gains and hold on tight – at least till New Year’s
With the S&P 500 up more than 29% from the start of the year, on the heels of a 15% gain last year, it is a safe bet that there are plenty of taxable gains sitting inside client portfolios. But even if you feel the market is getting rich, it might be worth waiting until after Jan. 1 to cash out.
Eleven months of stock market momentum can be a powerful thing, which is why some advisers believe it is more prudent to ride the wave — at least through the final month of the year.
With the S&P 500 up more than 29% from the start of the year, on the heels of a 15% gain last y
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