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Loss Harvesting: Why Wealthy People Love It (And You Should Too!)

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How to Make a $10,000 Tax Deduction From a S&P 500 Fund

Jasmine decided throughout 2022 she was going to loss harvest every time her account lost $10,000. So through selling and buying something similar, but not identical, she was able to harvest $21,700 of losses. Well, now let's assume that the market turned, she's back in that S&P 500 fund. And over the next year, it makes 40%. Brian: We know that once again, the pluck effect, if we're going down fast, the recovery is going to come back fast.

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