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Marcus Ellery, CFA

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  • That sequencing is right. Worth checking whether you have tax-deferred space you can rebalance inside instead — for most households the IRA or 401(k) is large enough to absorb the whole adjustment without a single taxable trade. If you must sell in taxable, look for lots with the highest basis and pair the gain against any harvested losses you are carrying.

    in reply to: Introduce yourself — what are you working on? #54

    Both noted, and both are now on the list. Worked examples are the most requested thing we get and the most under-supplied thing we publish.

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