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Posts & Investments - #taxlossharvesting

Sold VoltaInvested for 194 days
Boo hoo 😢 #taxlossharvesting i see either an offering, reverse split, or delisting so - Gotta scoot
Sold ChargePoint HoldingsInvested for 371 days
I’ll absolutely buy back into $CHPT later, because I’m certain that this company (along with the entire #EV sector) has huge #growth potential in the upcoming 10 to 20 years. But I’m increasingly thinking that the economy and the stock market are going to keep backsliding in the short and medium term – we’re probably heading into a #recession – so I’m #acceptinglosses for #taxlossharvesting purposes. I’ll #reinvest when it’s clear we’re actually in a #recovery .
📉 TAX LOSS HARVESTING, DIVIDENDS, AND WASH SALES 📉 〰️〰️〰️〰️〰️〰️〰️〰️ A possible #silverlining to my unfortunately having so many badly hammered positions is the opportunity to sell one or some for a loss and then to "write off" the loss(es) for fewer taxes to pay in April 2023 or future tax years. This strategy is called #taxlossharvesting (TLH) and is one worth considering at the end of the year wSee more
Sep 28, 2017 - Sep 28, 2022
Invested in Xos
#adding $13 @ $3.06 per share to $3 @ $3.22 average cost basis (-5%). This was one of my painful #fallingknives last year that I closed in January at a -61% loss. Now have 5+ shares @ $3.09 average cost basis. I hope last week’s hype over vehicle delivery is the start of an uptrend for them and that today’s earnings call does well. I told myself I was done with #pennystocks , but I have a #stockhoarder problem! Commercial #lastmiledelivery #electricvehicles #longterm #growth #possibilities Original position: 5.5 shares @ $5.80 average cost basis and sold @ $2.30 for #taxlossharvesting . Closed position post:
Sold PelotonInvested for 189 days
Position closed, terrible time for #luxury #consumerdiscretionary #fallingknives stocks so I’m taking this beat down position and putting it in better 2022 prospects bc it’s gonna be a while before Peloton comes back. ($CRWD $PYPL $NET $TSLA ) #dollarcostaverage SELLS #taxlossharvesting off last share, this one @ $23.36. Bought 6+ shares in 2021 at around $51.65 average cost basis for $309.30ish total invested. Sells: 1+: $38.xx+ 2. $37 3. $23.59 4. $22.43 5. $21.92 6. $23.36 Total realized “gain”: $167ish Invested (6 shares): $309ish Loss: -$142ish (-46%)
Sold PelotonInvested for 189 days
Terrible time for #luxury #consumerdiscretionary stocks so I’m taking this beat down position and putting it in better 2022 prospects bc it’s gonna be a while before it comes back. #fallingknives #trimming #dollarcostaverage SELLS #taxlossharvesting off 1 more share, this one @ $21.92 from 2 remaining shares, after buying 6+ @ $52ish average cost basis. 6+ shares at around $51.65 average cost basis for $309.30ish invested total. Sold 4+ shares bought at total. 5+ shares sold out of 6*: 1. $38 2. $37 3. $23.59 4. $22.43 5. $21.92 Total realized “gain”: $142.94 Invested (5 shares): $257ish Loss: -$115ish loss It’s going to be a long time for this to recover or come close to breaking even so I’m moving the losses to better, quicker prospects. Hopefully we get another push toward $30 before I close the position.
Sold PelotonInvested for 188 days
Bad time for #luxury #consumerdiscretionary stocks. #fallingknives #trimming #dollarcostaverage #taxlossharvesting selling off 1 share @ $22.44 from 3 remaining shares, after buying 6+ @ $52ish average cost basis. I sold 2 @ $38ish, 1 @ $23.80, and now have two left. Total realized loss so far is around -$86ish. It’s going to be a long time for this to recover or come close to breaking even so I’m moving the losses to better, quicker prospects. Hopefully we get another push toward $30 before I close the position.
Tax-loss Harvesting
Are taxes still on your mind from last week’s #PublicLearn article spotlight? If they are, today’s spotlight is for you! Let’s look at #taxlossharvesting
4 min read
What are Capital Gains Taxes?
2021 may be done with us but if you invested last year, you may not be done with 2021. Let’s take a moment to learn about Capital Gains Taxes in today’s #PublicLearn article spotlight!
4 min read
#Taxes Paying taxes is a must, but avoiding taxes should never dictate your investment strategy. That is why they say "Don't let the tax tail wag the dog." With that being said, learning to be tax efficient is helpful and keeps you from leaving money on the table. A #NewInvestor should first be aware of what short and long term #CapitalGains and #CapitalLosses are. Once comfortable with this then youSee more
Sold XosInvested for 132 days
#loser Position closed, 5.5 shares sold @ $2.30 per share and bought @ $5.80 per share for $20 lost. I should’ve done this a while ago and might buy back a couple in February when I clear the #taxlossharvesting #washsalerule . This was #longterm #growth #possibilities investment for commercial #electricalvehicles and trucks but I made the mistake of buying in their first ever quarter (imo that’s a no-no). #lessonslearned
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