Here’s the basic idea behind our tax-saving strategies for your portfolio:

Avoid the high taxes (up to 40.8 percent) on short-term capital gains and ordinary income.

Lower the taxes to zero—or if you can’t do that, lower them to 23.8 percent or less by making the profits subject to long-term capital gains taxes.

Think of it this way: you pay taxes at a 71.4 percent higher rate at 40.8 percent than at the tax-favored 23.8 percent.

If you can avoid that higher rate with a few easy adjustments to your stock portfolio, doesn’t it make sense to do it now? ... Log in to view full article.