Isn’t the value proposition of Betterment that they can do tax loss harvesting in a taxable account? That’s potentially quite valuable for someone in a higher income tax bracket. You can do this manually, but there’s a decent chance of ending up with a wash sale or otherwise poorly timed trade — and it takes time. If the alternative is that people who “buy and hold” don’t bother with tax loss harvesting, then I’d say this is worth paying a fee for. At least for portfolios under a million.
Statistics: Posted by HKexpat — Wed Aug 14, 2024 5:24 am
