I've likened investing to white water rafting before.
When things go wrong, you want to jump into action. The problem is, the harder you try to fix the situation, the worse you make things.
With investing and white water rafting, you're going to be better off if you kick your feet up and ride the waves to calmer waters.
However, tax loss harvesting is one strategy that you can employ when markets are down. Not only do you get to feel smart because you're taking action (good for you!), but you can dramatically reduce your overall taxes owed.
Tune in today if you like to feel smart and also don't love paying a lot in taxes. 🚣♂️
#wealthmanagement #investing #getoutside
🎧Tune in to this week's episode for insights from Matt about a particularly interesting tax strategy that allows you to ride the waves of a volatile market while coming out on top. 🏄💰
To listen to this episode you can click here ➡️https://buff.ly/3I2DQZv
You can always find current and past episodes of the Solutions & Knowledge podcast on Spotify and Apple Podcasts. The podcast and related articles are also available on our website under the Insights tab. https://buff.ly/3UFx3wr
#TaxLossHarvesting #TaxOptimization #WealthManagement #FinancialPlannersRI
Angel Investor, Bookseller, retired Foreign Service Officer, Returned Peace Corps Volunteer
10moAnother excellent analysis by Ben Miller. But it is critical for investors to remember that the market forces on offices and owner-occupied residential real estate are VERY different than forces on commercial residential and industrial real estate. Office buildings have been devastated by COVID and work-from-home. With ~30% to 50% of all desks vacant in major cities, office demand has been permanently depressed and tenants will continue giving up space as leases come up. A lot of owner-occupied homes have been "locked up" because owners could not afford to move if it meant trading a 3% mortgage for an 7% mortgage. Decreasing interest rates will "unlock" these homes bringing the supply of used homes back to normal levels.