I agree with Crash, but one thing I’d like to add, which should be self-evident on this board, is that a company’s stock performance is not the same as its performance as a business or its underlying profitability. I haven’t done a deep dive on the Times’ operations, but my impression is its stock is down sharply this year not because of operational disappointments but because it is a highly valued stock and stocks with higher valuations are underperforming as interest rates rise.
The stock is highly valued because as a business the company has significantly outperformed its peers in recent years. That kind of performance would justify a pay raise for employees. In fact, just looking at the stock’s performance, it has completely trounced its peers in the flagging newspaper business and even the market overall in the past five years. So why fixate on 2022, a bad year for all stocks?
Moreover, in an industry where intellectual capital, i.e., content is king, the creators of that content should be well compensated. That content has won the Times several Pullitzers recently.

Capital loss can be used to reduce taxable income. It does not directly reduce the tax owed on a specific source of income. After offsetting capital gains leftover capital loss can be used to reduce overall taxable income. So it indirectly reduces tax by reducing taxable income.
Put another way:
According to my understanding of what the IRS says, your capital loss of $1k would first offset capital gains. If capital gains were less than 1k you will have some leftover loss to work with. It does not get applied directly to any specific area of taxable income, but to taxable income added together from all sources. So if your taxable income before figuring in the capital loss was —let's make it simple — two thousand dollars and your remaining capital loss was 1 dollar, you would owe income tax on $1999 of income. It is not calculated in any way that eleven cents of that dollar got subtracted from an IRA distribution etc
I hope this makes it clear.

Probably I'm not understanding this correctly. I have an IRA, with required distributions. Those distributions of course are taxed. Lets assume that the tax due is $1000.
If I were to sell an asset and take a $1000 loss, would that loss offset the tax on the IRA distribution? Somehow that seems too good to be true.

Unfortunately, 11/30/22 distribution would be WITHIN the +/- 30 day wash sale window.
Good news is that only the distribution amount would be disqualified due to wash sale. In case of partial sale, that amount would be added to cost basis of the remainder, so basically, the wash sale defers the tax loss. If total sale, then there would be no way for the broker to adjust the cost basis and it won't be shown in 1099.

In reporting the losses to the tax person, are the corresponding purchases needed for the tax person (or IRS) to determine what loss is allowed? My Schwab account will show realized losses/gains on a screen and indicates when a loss is not allowed per wash sale. Possibly my year end aggregate 1099 will show all the info required.

The notion of account aggregation services being 100% safe based on the collection of beliefs below is .... [fill in the blank]
- There isn't a detailed hack manual
- There aren't in the public domain dozens of published cases
- Published RH hacks don't count
- Hacks can only happen due to user error, hacks can never happen otherwise
- Large organizations like Microsoft, Experian, Capital One, etc.. can be hacked at scale but account aggregators cannot be hacked
- 2FA cannot be hacked
Whether the probability of a hack is 0.1% or 1% or 10% I have no idea but I know it isn't zero risk.

Thanks. Yes a CG of 5.44 plus a few holdings that went down a bit in value would account for an apparent one-day loss of nearly 7%. Because my M* portfolio didn't show that more shares were bought with the CG it appeared like a substantial loss. But it isn't. :-)

In the MFO list of fund CGs (by @TheShadow), est for MAPOX as of 11/10/22 was in 4.93% - 5.50% range. It came out at 5.44%.
https://www.mutualfundobserver.com/discuss/discussion/60074/2022-year-end-capital-gains-distribution-estimates-vanguard-s-final-estimated-year-end-posted/p1
https://www.mairsandpower.com/about-us/company-news/item/163-estimated-2022-capital-gains-and-dividends

Come on, don't deflect, and don't project. Email and sim hacks and all that are trivially easy to prevent. Send me $500 and I will explain. I will post the explanation here, too.
https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html is inexcusably weak, detail-free, fright reporting.
Like so much of the financial press.
So ... Robinhood alone has pisspoor access and authentication control? That alone is a major story.
Inside job? But that would not meet your scare criteria.
I am going to google to see if I can find out what actually happened w poor old Nate Heard.
The last six CNBC paragraphs are shocking, writer-firable for their slop and laziness. Also preposterous as factual narrative reporting.
And while I expect that you are not a working editor, did you notice that CNBC leads with speaking to 4 people but then can list only 3? yoohoo, editors!?
Again, can you recount for all of us the steps for a bad actor to, out of nowhere and without operator error, access and drain a Vanguard (or ML or Fidelity or Schwab ...) investment account?

PersCap is Personal Capital which provides free account aggregation as a hook to get you to subscribe to their paid services.
It's a fantastic product (by far the best aggregation service I have seen and I have used 5+) but not zero risk by any stretch of imagination no matter what anybody states.

In the MFO list of fund CGs (by @TheShadow), est for MAPOX as of 11/10/22 was in 4.93% - 5.50% range. It came out at 5.44%.
https://www.mutualfundobserver.com/discuss/discussion/60074/2022-year-end-capital-gains-distribution-estimates-vanguard-s-final-estimated-year-end-posted/p1
https://www.mairsandpower.com/about-us/company-news/item/163-estimated-2022-capital-gains-and-dividends

https://www.sec.gov/Archives/edgar/data/1124459/000174177322004196/c497.htm
497 1 c497.htm FGT3 P1 121522
FGT3 P1 12/22
SUPPLEMENT DATED DECEMBER 15, 2022
TO THE PROSPECTUS DATED DECEMBER 1, 2022
OF FRANKLIN INTERNATIONAL SMALL CAP FUND
(a series of Franklin Global Trust)
The prospectus is amended as follows:
The following paragraphs are added to the beginning of the “Fund Summaries – Franklin International Small Cap Fund” and “Fund Details – Franklin International Small Cap Fund” sections of the prospectus:
On December 14, 2022, the Board of Trustees of Franklin Global Trust, on behalf of Franklin International Small Cap Fund (the “Fund”), approved a proposal to liquidate and dissolve the Fund. The liquidation is anticipated to occur on or about February 22, 2023 (Liquidation Date); however, the liquidation may occur sooner if at any time before the Liquidation Date there are no shares outstanding in the Fund. The liquidation may also be delayed if unforeseen circumstances arise.
At the close of market on January 17, 2023, the Fund will be closed to new investors, except as noted below. Existing investors who had an open and funded account on January 17, 2023 can continue to invest in the Fund through exchanges and additional purchases after such date. The following categories of investors may continue to open new accounts in the Fund after the close of market on January 17, 2023: (1) clients of discretionary investment allocation programs where such programs had investments in the Fund prior to the close of market on January 17, 2023, and (2) Employer Sponsored Retirement Plans or benefit plans and their participants where the Fund was available to participants prior to the close of market on January 17, 2023. The Fund will not accept any additional purchases after the close of market on or about February 17, 2023. The Fund reserves the right to change this policy at any time.
Shareholders of the Fund on the Liquidation Date will have their accounts liquidated and the proceeds will be delivered to them. For those shareholders with taxable accounts and for Federal, state and local income tax purposes: (a) any liquidation proceeds paid to such shareholder should generally be treated as received by such shareholder in exchange for the shareholder’s shares and the shareholder will therefore generally recognize a taxable gain or loss; (b) in connection with the liquidation, the Fund may declare taxable distributions of its income and/or capital gain; and (c) an exchange out of the Fund prior to the Liquidation Date may be considered a taxable transaction and such shareholders may recognize a gain or loss. Shareholders should consult their tax advisers regarding the effect of the Fund’s liquidation in light of their individual circumstances. Participants in an Employer Sponsored Retirement Plan that is a Fund shareholder should consult with their plan sponsor for further information regarding the impact of the liquidation. In considering new purchases or exchanges, shareholders may want to consult with their financial advisors to consider their investment options.
Please keep this supplement with your Prospectus for future reference.

@carew388,
The drawdown in March 2020 was sharp and short-lived. There was considerable pressure on Powell to rescue the market. Cutting short term rate to near zero, 0,25% to be exact, while increased the quantitative easing policy (buying bullions $ of treasury and mortgage backed bonds on monthly basis). The stock market recovered within 2 -3 months and ended with a positive gain for the year. Not selling near the bottom and let things come back was the best move in that situation.

If your taxable income after deductions was $0, and there were no other capital gains or losses, then $1,000 tax-loss will offset fully taxable $1,000 withdrawal from T-IRA.
But if you had ordinary income from all sources, net of deductions, of $50K, then $1,000 tax loss will reduce it to $49K. It would be hard to say which part of the income (including $1,000 withdrawal from T-IRA) was offset.

+1 Sven I learned that with the ultra-short bond funds in 2020 !

The Primecap funds have certainly endured a few years of bad luck -- POAGX in particular was perfectly positioned to crater when covid struck as it had outsized stakes in things like airlines and cruise lines. Yet the fund is idiosyncratic, that's for sure. All three of the funds have seen significant redemptions, resulting in large capital gains distributions for several years (worsening tax-adjusted performance). Anyone considering a new investment should take a look at the portfolio and be comfortable with the huge chunk of biotech and pharmaceuticals in there. It's almost a healthcare fund.

You bring up some very good points.
Primecap is a benchmark-agnostic firm and tends to favor certain industries.
The following data was gleaned from M* reports published July 2022.
POAGX: ~20% in biotech/pharma, ~13% in semis
VPMAX: ~20% in biotech/pharma, ~13% in semis
VPCCX: ~18% in biotech/pharma, ~11% in semis
Primecap-managed funds may underperform common benchmarks for several consecutive calendar years.
Investors should be prepared for this possibility.
POAGX: lagged Russell Mid-Cap Growth from 2018 - 2021
VPMAX: lagged Russell 1000 and S&P 500 from 2019 - 2021
VPCCX: lagged Russell 1000 and S&P 500 from 2018 - 2021
All three funds had top-decile 10 Yr. and 15 Yr. fund category returns through 11/30/2022.
Primecap-managed funds can generate large capital gains distributions
and are best held in tax-deferred or tax-exempt accounts.

If your loss exceed $3,000, the remaining balance gets carry over next year.
Back in 2008, I incurred capital loss that covered next several years. If I would be more patient, these funds would have recovered in several years. In the retrospect, I should be patient just like Warren Buffet.

Tax-loss will offset capital gains first, and then up to $3,000 of ordinary income (earned, unearned, from IRA/pension distributions, etc).

Hi how many of you who lost money are from CA? maybe we can all get together and file a lawsuit against TBO Capital LLC, TBO CEO and HMC Trading LLC

@yogibearbull
Do you manually enter each transaction? M* Portfolio still lets you download a file with positions and average price, although M* Investor still refuses to allow this.
Has anyone heard of any brokerage account hacks?
I always assumed that if you used Schwab's offer to use an aggregator, the credentials were at the aggregator, not at Schwab, so therefore protected only to extent aggregator protects them. Any hint of a data breach and their business would collapse, but still who knows how good their security is?
Nor have I been able to document how they claim that they only get transactions and balances without being able to trade, move money etc. Once a hacker got your PW etc, they could do anything they wanted, obviously.
While I have not tracked it down yet, it would be interesting to compare Schwab policies with a full service broker like Morgan Stanley, where it is impossible to trade without a human being.
You would think your money is safer at Morgan Stanley, but getting access to an account illegally would still allow transfers out without a human involved. However, adding a new account requires two factor authorization, and trial deposits just as it does at Schwab.
I doubt your broker monitors accounts so carefully that they would alert you to something unusual
But neither Schwab nor Morgan Stanley will allow you to set alerts to notify you of all account activity; Schwab will send trade alerts, but not deposit, withdrawal alerts and MS only sends balance alerts. You get an email if there is a trade, but not what it is.
I assume ( but I do not know) that since Schwab requires a manual sell order to raise cash, they would not transfer money out of the account without the sell order being placed ( and maybe settled too?), if your cash balance is low. I don't think you would be notified of the trade until it occurred.
My bank and credit card text me every time there is any activity of $0.01 or more. If brokerages had this function, it would be added security that nothing could happen without your knowledge.
Of course, you might hear about the fake trial deposits and intervene in time, but you might not. And once the money leaves, being told about it a few seconds later would not stop it leaving. With the ease of money transfer today, your money would probably be in Nigeria before you opened the email or logged on to see what was happening.
In the past, when I asked about risks , Personal Capital rep claims aggregating everything would increase security because you could see any new transactions immediately.
Does anyone have any experience with this?

The Primecap funds have certainly endured a few years of bad luck -- POAGX in particular was perfectly positioned to crater when covid struck as it had outsized stakes in things like airlines and cruise lines. Yet the fund is idiosyncratic, that's for sure. All three of the funds have seen significant redemptions, resulting in large capital gains distributions for several years (worsening tax-adjusted performance). Anyone considering a new investment should take a look at the portfolio and be comfortable with the huge chunk of biotech and pharmaceuticals in there. It's almost a healthcare fund.

Using Yodlee via Schwab vs. using Yodlee or equivalent directly does not offer any additional security. Yodlee is a cloud based service, it can be hacked directly without needing to hack Schwab.
Note that the account credentials you are providing (either to Schwab or Yodlee directly) are traversing the internet from your machine to Schwab and from Schwab to the aggregator. Yes it is encrypted and all that good stuff but it can be hacked including from bad apple insiders (this is how Capital One was hacked)
In a cloud based world, hacking is a lot easier than the pre-cloud world because of the distributed nature of all services. In the age of the internet, security and privacy are not realistically possible. Over the last 5-7 years at least 5+ of my accounts with large corporations have been hacked -- Target, Capital One, Home Depot, Experian, etc..
Hell LastPass recently got hacked, in effect LastPass is the equivalent of an account aggregator but much worse since it has a lot more confidential stuff than just financial accounts.

sounds like the only choice here is to file a lawsuit against TBO Capital and HMC trading LLC at their addresses provided (one is in NC and the other is NY); Most likely they won't answer and we get automatic judgement against them in case monies are found in frozen bank accounts or real estate even if its not in USA, may take longer with SEC's and federal courts. The monies (when and if found) will be dispursed to those who have a judgement waiting to collect (first come first serve).