TY - JOUR T1 - The Art of Losing in Investing: <em>Harvesting Tax Losses for a Positive Impact</em> JF - The Journal of Wealth Management SP - 18 LP - 26 DO - 10.3905/jwm.2018.21.1.018 VL - 21 IS - 1 AU - Edward N.W. Aw AU - Sanjun Chen AU - Christopher R. Dornick AU - John Q. Jiang Y1 - 2018/04/30 UR - https://pm-research.com/content/21/1/18.abstract N2 - 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’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 ER -