Advances in financial technology have made tax-loss harvesting more feasible for retail
investors than such strategies were in the past. We evaluated the magnitude of this “tax …

Advances in financial technology have led to the development of easy-to-use online
platforms known as robo-advisors or digital-advisors, offering automated investment and …

We examine the consequences of short selling in the context of quantitative investment
strategies held by individual investors in taxable accounts. Short positions not only allow …

Virtually all companies and individuals are faced with the management of taxable assets. To
manage these assets efficiently, investors need to be aware of the impact of taxes on …

In recent months, there have been almost daily reports on problems that may result from
widespread delinquencies in subprime mortgage loans-loans with higher interest rates and …

This study updates previous research estimating the persistent effect of tax changes on
capital gains realizations by using a large panel of tax returns from 1999 to 2008. Similar to …

Direct-indexing strategies realize tax benefits by harvesting losses on individual stock
positions. Some investors might benefit from this powerful tool for growing after-tax wealth …

A practical guide to adapting financial advice and investing to a post crisis world There's no
room for" business as usual" in today's investment management environment. Following the …

Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney
LLC, a registered broker-dealer in the United States. This material has been prepared for …

While there is a tax cost to recognizing the capital gain, doing so resets the holding period
and buys the option to recognize future capital losses. By thinking ahead and paying a long …