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|Subject: Re: On second thought, 2828 - Small Cap Issue||Date: 1/27/2013 7:38 PM|
|Author: Art53||Number: 668590 of 778512|
"Hi, Art, Excellent question. For me:
1. There has absolutely been a tax advantage to having individual stocks. During the downturn, I selectively "harvested capital losses" to offset gains, then reinvested in other companies I thought had similar potential. This isn't always (or even normally) a great idea, but has worked well for me around the edges of the portfolio." - Trey
I'm going to be honest here and say that I don't know what that means? I don't have a clue what "selectively harvested capital losses" means?
And then intentionally reinvested in other companies you were going to lose money on? Is that what you said? Why would anyone want to do that?
Or am I totally confused (which I think I am)?
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