RT Journal Article SR Electronic T1 The Art of Losing in Investing: Harvesting Tax Losses for a Positive Impact JF The Journal of Wealth Management FD Institutional Investor Journals SP 18 OP 26 DO 10.3905/jwm.2018.21.1.018 VO 21 IS 1 A1 Edward N.W. Aw A1 Sanjun Chen A1 Christopher R. Dornick A1 John Q. Jiang YR 2018 UL https://pm-research.com/content/21/1/18.abstract AB 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