What is Tax Loss Harvesting?

Value: $17,095 | Loss: -$176 | Return: ▼1% | Dividends: $10

👋 Hello Dividend Investors.

I hope you are doing well and almost done with your Christmas shopping.

This week’s newsletter is little different. The format is still the same, but the medium has changed. It’s more like a video-letter.

Last week I posted my first video on Youtube discussing the November Dividend Portfolio update. I posted the video after I sent the newsletter.

For the weekly update, I decided to post the video first, so I could share it with all of you.

In this video, I share my weekly dividend portfolio update and explain tax loss harvesting. Like I said, same format, different medium.

What is tax loss harvesting?

Tax-loss harvesting is a tax strategy to minimize any taxes on capital gains. It is applicable to taxable accounts.

Basically, if you sell a stock for a gain, you would then sell another stock that has lost value so that losses offset the gains.

I go in more details with examples in the video.

Next week, I will be back with the newsletter that all of you have come to love and appreciate. Just wanted to mix things up a little this week and show you guys how awkward I can be on camera.

It was fun recording, editing and publishing the Youtube video. It’s definitely harder than it looks. There’s so much to learn.

It would mean the world to me if you would subscribe to the Youtube Channel and provide feedback.

Until next week, stay safe and take care.

- Zahid

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Disclaimer: Dividend.Fun is an informational publication, and by reading it, you understand you are not receiving investment advice. Unless otherwise noted, all data is as of the date the newsletter was published.