Stocks shmocks, investments are investments. You win some and you lose some, a lot when the government devalues our wages and then crashes the markets, wiping out decade or more of savings/401Ks/pensions/IRAs and other past earnings we stored in the markets. But, this year has been particularly bad, worse than any prior wipe down. We all lost over 30% of our purchasing power on current wages, but also our past stored saved invested wages. If we tax loss harvest, we get to claim $3000 in losses against future gains, and carry those forwards some number of years. Since I've just witnessed nearly a decade's worth of savings (actually it took me 13 years to accrue those), just wiped down within a year, I'd like to know how I can maximize my losses and reduce my taxable income just like the big boys.
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