FYI: Advisors should consider a familiar tool to save their wealthy clients on capital gains taxes.
Tax-loss harvesting is selling a security at a loss and using the deduction to offset capital gains incurred on another investment. The position sold is then replaced with a similar investment.
Exchange-traded funds can work well in this scenario as a liquid asset offering exposure to an investing niche or a good avenue for diversification. More to the point, ETFs are usually distinct from each other, which makes them ideal for tax-loss harvesting.
Regards,
Ted
https://www.fa-mag.com/news/etfs-can-be-a-great-tax-loss-harvesting-tool-52259.html?print
