This has been a miserable year for stock investors. Several broad market indexes are in bear market territory, meaning they are down at least 20%. Making matters worse, some growth stocks, like Nvidia (NVDA -3.22%), are down even more. Thankfully, there is one strategy (tax loss harvesting) that stock market investors can implement to make the best of a forgettable year.

*Stock prices used were the afternoon prices of Oct. 19, 2022. The video was published on Oct. 20, 2022.