Tax Loss Harvesting Tool

01/20/2023

$VOO vs $SPY is a topic of intense debate among traders, but not many are talking about the 94% similarity of underlying securities. Makes the dual combo an ideal choice for tax loss harvesting if the market downturn continues. WDYT?

Describes overlap between ETFs VOO and SPY

12/24/2022

Are you thinking about investing in SPY? Here is some information you need to know about it.

SPY (also known as SPDR S&P 500 ETF) is an Exchange-Traded Fund created by State Street Global Advisors. It holds a variety of stocks and is typically the most popular choice for investors looking to gain broad exposure to the US stock market. Here are some quick facts about the ETF:

Holdings: 500 (Apple, Microsoft, Amazon, and more)
Leverage: 1x (Simple ETF)
There are 823 other ETFs that share some holdings with SPY

Actionables:
In case of a downturn, you could harvest your losses and swap with SPLG while retaining 99% same exposure
If you want to leverage up,
For 2x, use SSO which overlaps 94%
For 3x, use UPRO which overlaps 94%

To learn more about SPY, go to

Detailed summary of holdings, overlaps, leverage for ETFs SPY

12/20/2022

Investing in the stock market can be a great way to build wealth, but it can also be a source of financial stress. If you’ve ever had to sell stocks at a loss, you know that it’s not a pleasant experience. But did you know that it’s possible to actually use those losses to your advantage? Harvesting capital losses is a powerful tool that savvy investors use to reduce their tax burden and maximize their returns.

In order to find these unique opportunities in your current portfolio, you have to use our tool! With it, you are able to strategically harvest capital losses, while retaining a significant portion of your exposure. Our underlying generation engine checks against 6M+ combinations of possible outcomes, empowering you to make informed decisions.

To get started, head over to taxlossharvestingtool.com