@article {Aw18, author = {Edward N.W. Aw and Sanjun Chen and Christopher R. Dornick and John Q. Jiang}, title = {The Art of Losing in Investing: Harvesting Tax Losses for a Positive Impact}, volume = {21}, number = {1}, pages = {18--26}, year = {2018}, doi = {10.3905/jwm.2018.21.1.018}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Paying taxes is universally disliked. Tax-loss harvesting strategies help offset the capital gains tax investors incur. Tax-loss harvesting involves selling stocks that have returned negative over a recent time period. These recognized losses can offset investment gains and therefore lower the investor{\textquoteright}s capital gains tax bill. The authors argue that tax-loss harvesting strategies are smart beta momentum strategies in disguise. They also argue that just as momentum strategies are managed year-round, tax-loss harvesting strategies should be too, not just in December.TOPICS: Wealth management, legal/regulatory/public policy}, issn = {1534-7524}, URL = {https://jwm.pm-research.com/content/21/1/18}, eprint = {https://jwm.pm-research.com/content/21/1/18.full.pdf}, journal = {The Journal of Wealth Management} }