Almost every portfolio has them; stinkers, losers, former golden boys that have been knocked off their thrones, investments that beg for more good money to follow the bad. But clients often have a hard time throwing in the towel. After all, they may still come back, right?

It’s not easy to wrench something out of a client’s hands — all the more so when selling would mean a larger tax bill. Yet holding onto these losers is not only a drain on the rest of portfolio, it also ties up money that would be better planted elsewhere.

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