Fool contributor Connor Allen has put Lemonade (LMND -10.78%) on his chopping block. There is still plenty of opportunity for Lemonade, but the risks might outweigh the rewards. At the end of the year, investors are often looking for opportunities to do tax loss harvesting with losing positions in their portfolios. Find out his reasoning for axing Lemonade in this video.

*Stock prices used were the midday prices of Dec. 27, 2022. The video was published on Dec. 28, 2022.