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Tax-loss harvesting is a process where investors sell their securities at a loss in an effort to offset capital gains from the sale of other profitable investments. It is a strategy where you limit short-term capital gains, which are taxed at a higher rate compared to long-term capital gains - allowing you to preserve overall portfolio value and reduce taxes.
Investors should consider selling beaten-down, fundamentally weak companies that are unable to outpace the broader markets even if market sentiment improves. Here are three such struggling Nasdaq stocks investors might want to unload from their portfolios before the end of 2023.