Buying stock at years end ?

[takara159]

Good evening all,
This is probably a bone headed question but I can't think of a better place to turn for enlightenment, although after reading the question you'll probably think I deserve a face punch.

I recently received my Fiscal Year end bonus and plan to throw into my current portfolio. The question I have is does it make sense to buy the shares now or wait till the beginning of 2014.  I recall reading somewhere a long time ago that its best to wait till the new year to purchase to minimize taxes on your dividends or something like that. If I sound confused its probably because I am.  This questions isn't so much about timing the market but more getting clarification that I might not be crazy or if I am to get a good face punch.

Thanks in advance.

[Emg03063]

I imagine the advice to wait until the next year was to avoid paying tax on mutual fund distributions (which is valid).  If you're buying individual stocks, that's a non-issue, and you may find a small price dip (I.e. buying opportunity) at the very end of the year from people selling to harvest losses.