I am trying to figure out if I should sell my underperforming funds for tax loss harvesting or should I wait for this funds to come back. I bought them a couple years ago. At that time I didn't know what I was doing and i was just buying whatever that was doing well at that time. This was prior to me knowing about Bogleheads forum. I have learnt a lot from this site and I now only invest in the total stock market. I would appreciate any guidance and your opinions are highly appreciated.
These are the Tickers for those funds. They are all actively managed.
TAN expense ratio of 0.67. Down 55 %
ARKK expense ratio of 0.75%. Down 59%
ARKG expense ratio of 0.75% . Down 66%
QCLN expense ratio of 0.58% . Down 49%
PBW expense ratio of 0.66% Down 76%
VWIGX expense ratio of 0.42% Down 3.7%
Total loss is approx 11000 dollars.
Although this is approx 2% of my investment, It still hurt to see all the loss in my account. I was thinking of selling at least 3000 worth every year in order to reduce my taxable income until i sell all of them. Is this a good idea or should I just sell all of them at the same time?
Thank you in advance for your response.
These are the Tickers for those funds. They are all actively managed.
TAN expense ratio of 0.67. Down 55 %
ARKK expense ratio of 0.75%. Down 59%
ARKG expense ratio of 0.75% . Down 66%
QCLN expense ratio of 0.58% . Down 49%
PBW expense ratio of 0.66% Down 76%
VWIGX expense ratio of 0.42% Down 3.7%
Total loss is approx 11000 dollars.
Although this is approx 2% of my investment, It still hurt to see all the loss in my account. I was thinking of selling at least 3000 worth every year in order to reduce my taxable income until i sell all of them. Is this a good idea or should I just sell all of them at the same time?
Thank you in advance for your response.
Statistics: Posted by ihave2parents — Sat Mar 02, 2024 7:36 pm — Replies 7 — Views 603