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6 Money Strategies for Down Markets Depending on Your Goals - 379

Your Money, Your Wealth

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Tax Lost Harvesting

Tax lost harvesting works a lot better with index funds or e t f, where you havea big basket of hundreds or thousands of companies that you sell one at up and buy another. If it's meaningful, go and take that loss. Yo have some losses in some mutual funds. You might want to sell those securities and buy something similar. It sits on your tax return that you can offset for gains when the market recovers. A lot of people have losses in their overall accounts right now,. Take advantage of the volatility of the market from a tax perspective.

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