lawman
Thinks s/he gets paid by the post
I have a investment grade bond fund (VFIDX) that I have an unrealized loss of $39,000.00 in. I want to sell it in order to reduce my tax for this year..I don't really have anything with gains that I want to sell to offset that much loss.I think it would still be wise to sell it even if all I do is get to use $3000.00 limit that I can deduct each year. My problem is I want to exchange it for something that will pay as much in dividends as this fund and not expose me to any additional risk. It is currently yielding 3.87%. Looking for suggestions on how I might proceed..Thanks..
https://investor.vanguard.com/mutual-funds/profile/VFIDX
https://investor.vanguard.com/mutual-funds/profile/VFIDX
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