Voltairema

How to Profit from This Sell-off (100% Guaranteed): Tax Loss Harvesting

Dr Velocity, think of it like this. You realize the loss now, and purchase something along the same lines. You can carry those losses up to something like 10 years. If you sell the new ETF or stock at a profit you can counter the capital gains with the losses you take now. Its a double win for you. No taxes and you are automatically better off then if you let the current stock get back into the green.