Hello everyone,
I'm exploring direct indexing options for investing in the S&P 500 or VTI with a goal of taking advantage of tax loss harvesting. I understand that several platforms offer this service, including Fidelity's Fidfolios, Wealthfront, and Vanguard.
I'm hoping to get some insights into the pros and cons of these options. Specifically, I'm interested in:
- How effective is it for tax loss harvesting?
- Does it justify the associated costs and fees?
- How does the overall user experience compare to other platforms?
Additionally, I would appreciate your thoughts on whether it makes sense to include these direct indexing options as part of a 3-fund portfolio strategy, particularly if one of my objectives is to reduce current income and thereby lower my tax burden. Are there any potential drawbacks or considerations I should be aware of?
Thank you in advance for your advice and experiences!
I'm exploring direct indexing options for investing in the S&P 500 or VTI with a goal of taking advantage of tax loss harvesting. I understand that several platforms offer this service, including Fidelity's Fidfolios, Wealthfront, and Vanguard.
I'm hoping to get some insights into the pros and cons of these options. Specifically, I'm interested in:
- How effective is it for tax loss harvesting?
- Does it justify the associated costs and fees?
- How does the overall user experience compare to other platforms?
Additionally, I would appreciate your thoughts on whether it makes sense to include these direct indexing options as part of a 3-fund portfolio strategy, particularly if one of my objectives is to reduce current income and thereby lower my tax burden. Are there any potential drawbacks or considerations I should be aware of?
Thank you in advance for your advice and experiences!
Statistics: Posted by Bunty — Thu Jun 20, 2024 5:50 pm — Replies 1 — Views 146