Zoltán Szücs @zofesu: "𝐉𝐚𝐧𝐮𝐚𝐫𝐲- Update 📢 𝐃𝐞𝐚𝐫 𝐜𝐨𝐩𝐢𝐞𝐫𝐬 𝐚𝐧𝐝..."

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𝐉𝐚𝐧𝐮𝐚𝐫𝐲- Update 📢 𝐃𝐞𝐚𝐫 𝐜𝐨𝐩𝐢𝐞𝐫𝐬 𝐚𝐧𝐝 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐫𝐬 / 𝐖𝐞𝐥𝐜𝐨𝐦𝐞 𝐭𝐨 𝐚𝐥𝐥 𝐧𝐞𝐰 𝐜𝐨𝐩𝐢𝐞𝐫𝐬 𝐚𝐧𝐝 𝐟𝐨𝐥𝐥𝐨𝐰𝐞𝐫𝐬. 📈✅💰 𝐓𝐚𝐱 𝐑𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 It looks scary but 𝐢𝐭 𝐢𝐬 𝐨𝐧𝐥𝐲 𝟏.𝟑𝟓% 𝐨𝐟 𝐭𝐡𝐞 𝐭𝐨𝐭𝐚𝐥 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨. Reducing tax liability is an important part of investing. 𝟏. 𝐀 𝐥𝐨𝐬𝐬 𝐝𝐨𝐞𝐬 𝐧𝐨𝐭 𝐚𝐥𝐰𝐚𝐲𝐬 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐛𝐞 𝐧𝐞𝐠𝐚𝐭𝐢𝐯𝐞 - a loss can help you reduce your tax liability by reducing your taxable profit. 𝟐. 𝐋𝐨𝐬𝐢𝐧𝐠 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐚𝐭 𝐰𝐞𝐫𝐞 𝐝𝐞𝐥𝐢𝐬𝐭𝐞𝐝 𝐨𝐫 𝐰𝐞𝐫𝐞 𝐨𝐧𝐥𝐲 𝐮𝐬𝐞𝐝 𝐭𝐨 𝐩𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐦𝐨𝐧𝐞𝐲 𝐯𝐚𝐥𝐮𝐞 𝐢𝐧𝐬𝐭𝐞𝐚𝐝 𝐨𝐟 𝐜𝐚𝐬𝐡 𝐚𝐧𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐝 𝐝𝐢𝐯𝐢𝐝𝐞𝐧𝐝𝐬 - cleaning up your portfolio and reducing the number of titles will help you better manage open positions and be more efficient in the future. 𝟑. 𝐋𝐨𝐬𝐢𝐧𝐠 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐭𝐡𝐚𝐭 𝐡𝐚𝐯𝐞 𝐧𝐨 𝐠𝐫𝐨𝐰𝐭𝐡 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 (bods) or the decline is greater than 80% or due to government regulations the underlying asset has become a CFD derivative. 𝟒. 𝐈 𝐝𝐨 𝐧𝐨𝐭 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝 𝐦𝐚𝐤𝐢𝐧𝐠 𝐥𝐨𝐬𝐬𝐞𝐬 𝐮𝐧𝐥𝐞𝐬𝐬 𝐢𝐭 𝐢𝐬 𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐲. Buying more when the price drops by 20-50% is a better option than selling and creating a loss. $TIP (iShares TIPS Bond ETF) $PGX (Invesco Preferred ETF) $SDIV (Global X SuperDividend ETF)

Not investment advice. The author may have financial interests in the mentioned instruments.