Quote:
Originally Posted by Hog's Gone Fishin
I have a stuped question for the smart people here. My long term portfolio is bleeding just like everyone elses. The stocks I have are mixed , mutual funds , ETF's , tech stocks etc...
Would it be smart , right now, to go ahead and harvest for taxes and move to index funds. We know it ALWAYS goes back up. But the implication of tax harvesting is a real thing that can put money back in your pocket.
Even if you're say bag holding NFLX and just move that money over too AAPL wouldn't it benefit a person best to do that???? You're claimin the loss and getting in AAPL at a great entry.
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Philosophically, I've never been in favor of letting tax strategy guide investment strategy.
That being said, if you want out of Netflix or whatever, GTFO and if it's at a loss, fine.