In need of last-minute tax-loss harvesting ideas? Here's one:
I am not a tax advisor, and this is not tax advice per se. However, I am a portfolio manager. And, my core approach is similar to what the early hedge funds did, before the term “hedge fund” became an oxymoron. After all, many don’t hedge at all. But I digress.One of my favorite things about taking the basic “long-short” structure of those original hedge funds, and running them in private client accounts is the natural tax-efficiency that comes with doing so.
Importantly, none of what I outline here should substitute for tax advice you get from a CPA or other tax advisor. Consult them before considering something akin to what I describe below. This approach involves identifying 2 securities that are likely to move in nearly opposite directions over the short-term. For instance, you could buy an index ETF that tracks large cap stocks. There are scores of them.
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