Investors planning for 2013 may take note of the following dates and strategies.
Tax Loss Selling for 2013
All trades for tax loss selling purposes must be settled by year end. As trades take three business days to settle, make your trades by the following dates:
December 24th, 2013 for Canadian stocks.
December 26th, 2013 for U.S. stocks.
Registered Education Savings Plans is one of the few ways Canadians can get a grant from the federal government. Anbody can open an account. It doesn't have to be a parent or even a distant relative. Take advantage of the annual grant by contributing capital to an account within the calendar year.
Holiday Trading Schedule
The U.S. markets are open December 26th.
December 25th; all markets closed.
Boxing day, Dec. 26th, the Canadian markets are closed.
Investor Boot Camp provides an extensive online library for investors who manage their own portfolios.