ilmscore | I Failed - How Much Money I Lost

I Failed - How Much Money I Lost

Published: 2022-12-07
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
The speaker has consistently invested in index funds for over 10 years, including during periods of all-time market highs, suggesting a belief in the long-term efficacy of this approach.
"for myself I've applied this exact same strategy for now over 10 years even when the market was hitting brand new all-time highs in 2013 14 15 16 17 up until now I've kept maxing out my retirement accounts investing in index funds as usual and keeping the same momentum no monkey required"
Stock Market Investment Strategy
Pending
The current market conditions are seen as an opportune moment to engage in tax loss harvesting to offset gains and rebalance portfolios without immediate tax implications.
"this is the perfect opportunity to sell my losing positions use that to offset my gains within other accounts and effectively rebalance my portfolio without having to pay any tax whatsoever otherwise what's known as tax loss harvesting"
Tax Loss Harvesting
Pending
The speaker highlights the 30-day waiting period required by the wash sale rule when engaging in tax loss harvesting to avoid tax penalties.
"now the downside to doing that is that I would have to wait 30 days before I'm able to buy back in stock a to avoid What's called the wash sale rule which basically says you can't sell a losing stock take the right off and then buy back in immediately afterwards"
Wash Sale Rule
Pending
The speaker plans to reinvest proceeds from tax loss harvesting into the S&P 500 Index Fund, indicating a preference for broad market exposure.
"otherwise I'm going to take the responsible adult option to tax loss Harvest and then reinvest those proceeds back into buying more of the S P 500 Index Fund"
Index Funds vs. Individual Stocks
Pending