While no one likes a bear market, clever investors may actually have some opportunities amid the current downturn.

Lower prices on certain holdings could allow you to lower your tax  liability and may present a great opportunity for investors with extra  cash. 

There's no need to fear a bear market. After all, if you consistently  invest your money year after year, you're bound to experience a few. 

While each one is different, each presents certain opportunities for  investors. Be sure you take advantage of this one as best you can. 

1. Tax loss harvesting A  lot of the investments you made in 2021 or earlier in 2022 may be  showing a loss on paper. While the market is down 20% from its peak at  the start of the year, some stocks are down much more.

2. Roth conversion If you have a lot of assets in your pre-tax IRA, now may be an opportune time to make a conversion to a Roth IRA. 

3. Increase savings and investment When the market puts stocks on sale, it's time to go shopping. As Warren Buffett said in his 2009 letter to Berkshire Hathaway shareholders, "When it's raining gold, reach for a bucket, not a thimble."

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