This is the smart investment style for retail investors in this economy. Sell stocks that you lose enough in to cover any positive trades and hold the dividend heavy portfolio. Even in this down economy, my investments look to make $400 this year on a $1500 investment. 3 years ago, the same stocks would have cost me 10k. Thank you, Obiden! Best part, if my stock goes belly up, I don't have any fees thanks to my firm, I only lose what I had in the stock. A wise gamble.
The tax implications of investing are surprisingly (infuriatingly) complex. Federal tax law optimizes for capital gains; WA state law apparently optimizes for income. Which would suggest that some sort of municipal bond fund is the only tax-free option for WA investors. Then on the Federal level you have tax loss harvesting as a way to cancel out capital gains.
Then on top of that you have the billionaires who simply get an equity line of credit on their portfolio and pay for day to day stuff with that (tax free) loan. Pay 3% on the loan, which is way less than the tax rate.
This is the smart investment style for retail investors in this economy. Sell stocks that you lose enough in to cover any positive trades and hold the dividend heavy portfolio. Even in this down economy, my investments look to make $400 this year on a $1500 investment. 3 years ago, the same stocks would have cost me 10k. Thank you, Obiden! Best part, if my stock goes belly up, I don't have any fees thanks to my firm, I only lose what I had in the stock. A wise gamble.
The tax implications of investing are surprisingly (infuriatingly) complex. Federal tax law optimizes for capital gains; WA state law apparently optimizes for income. Which would suggest that some sort of municipal bond fund is the only tax-free option for WA investors. Then on the Federal level you have tax loss harvesting as a way to cancel out capital gains.
Then on top of that you have the billionaires who simply get an equity line of credit on their portfolio and pay for day to day stuff with that (tax free) loan. Pay 3% on the loan, which is way less than the tax rate.