It’s not what you make that matters but what you keep!
This is a great opportunity to talk about tax-loss harvesting.
We’ve just experienced the fastest 30% decline from an all-time high in history. It took only 22 days. “The second, third and fourth fastest 30% declines all occurred during the Great Depression era in 1934, 1931 and 1929, respectively.” – Yun Li, CNBC
That means many investors probably now have positions with significant unrealized losses. This is a great opportunity to harvest those! Continue reading “A Great Time to Talk About Tax Loss Harvesting”