Looking4Ward
Full time employment: Posting here.
So last month I decided to do a little tax loss harvesting to offset dividends and capital gains this year.
I did so by selling Vanguard Energy (VGELX). I added the proceeds to my position in Vanguard Health Care (VGHAX). I've already incurred a bit of a capital gain in the short time the proceeds have been in VGHAX.
Energy was a fund that I considered a long-term holding (>10 years) and only sold it to take advantage of the circumstances - I had planned on a true tax harvesting process in which I got out and got back in just to realize the tax benefits of the loss. It's been more than 30 days, I sold VGELX at 89.84, it closed yesterday at 79.79 and will no doubt be lower today. But part of me is screaming "don't do it".
Would you get back in?
I did so by selling Vanguard Energy (VGELX). I added the proceeds to my position in Vanguard Health Care (VGHAX). I've already incurred a bit of a capital gain in the short time the proceeds have been in VGHAX.
Energy was a fund that I considered a long-term holding (>10 years) and only sold it to take advantage of the circumstances - I had planned on a true tax harvesting process in which I got out and got back in just to realize the tax benefits of the loss. It's been more than 30 days, I sold VGELX at 89.84, it closed yesterday at 79.79 and will no doubt be lower today. But part of me is screaming "don't do it".
Would you get back in?
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