| Every year, typically in early November, I devote an article to year-end tax-loss harvesting. I do this to remind investors to start thinking about taxes with enough time left in the year that they can develop a plan and execute it. Taking Some Profits As in 2021, this year's big sector winner is energy. Most energy companies have scored huge gains year-to-date. Although the energy sector still looks poised to outperform for the foreseeable future, things can turn quickly. Therefore, it may be a prudent idea to take some profits on your energy holdings. The downside of this is that if you hold such companies outside of a retirement account, you will generate a tax liability. A short-term capital gain occurs if you held an asset for less for one year before selling it. Short-term capital gains are subject to taxation as ordinary income. | 
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