RetiredAt49
Recycles dryer sheets
- Joined
- Oct 30, 2021
- Messages
- 468
I just recently fired my AUM Wealth Management Company. My taxable brokerage account contains approx. 50+ individual stocks plus a few ETF's. My goal is to shift everything to a two or three, low-cost, index fund portfolio.
Just prior to me firing them, they had recently performed some tax loss harvesting (due to the market drop) and I currently have about a $300,000 capital loss inside this brokerage account.
If I were to bulk replace all existing equities (individual stocks and ETF's), I would incur a capital gain of about $110,000 but because I already have a loss of $300,000 then I'd still have a capital loss at years end.
Would you recommend that I do a bulk swap right now? Should I only sale those individual stocks/ETFs that currently have a loss and/or perform poorly? Here's a list of the stocks/equities:
TCEHY
LYFT
CAT
JNJ
MXI
EWT
DE
SNY
AVGO
IEUR
HMC
MDT
BAC
CCI
IYZ
KWEB
BOTZ
EWJ
GSK
ES
IXJ
UL
XLI
EWL
PPRUY
IGV
TTE
IHI
QQQ
VUG
KCE
WDAY
MA
FINX
SMH
TMO
XLY
RTX
BP
MRK
SHEL
PAYC
AZN
CVX
HLN
SLB
HAL
COST
LLY
COP
DVN
Just prior to me firing them, they had recently performed some tax loss harvesting (due to the market drop) and I currently have about a $300,000 capital loss inside this brokerage account.
If I were to bulk replace all existing equities (individual stocks and ETF's), I would incur a capital gain of about $110,000 but because I already have a loss of $300,000 then I'd still have a capital loss at years end.
Would you recommend that I do a bulk swap right now? Should I only sale those individual stocks/ETFs that currently have a loss and/or perform poorly? Here's a list of the stocks/equities:
TCEHY
LYFT
CAT
JNJ
MXI
EWT
DE
SNY
AVGO
IEUR
HMC
MDT
BAC
CCI
IYZ
KWEB
BOTZ
EWJ
GSK
ES
IXJ
UL
XLI
EWL
PPRUY
IGV
TTE
IHI
QQQ
VUG
KCE
WDAY
MA
FINX
SMH
TMO
XLY
RTX
BP
MRK
SHEL
PAYC
AZN
CVX
HLN
SLB
HAL
COST
LLY
COP
DVN