They mentioned TBILL Etfs specifically on Bloomberg this AM. and others on the way. Benefit traders vs buy and hold investors?
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This is what automated tax-loss harvesting does at roboadvisors like Wealthfront. It benefits everyone (traders and buy-and-hold), but only when the underlying index drops below your basis. There’s no tax loss if the current price is higher than your basis, and making the trade would reset the basis but also trigger a capital gains tax.
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