What good can come from a down market?
As you know, the second half of 2015 through mid-February was a rough patch in the global stock markets. Investors can choose to do nothing and wait for their holdings to recover over time as they always have or to take action. As your portfolio manager, in cases where we judged losses were sufficient to justify the expense of trading, we entered into trades in taxable accounts called “tax-loss harvesting”.
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