My brother mentioned to me that he is selling a large chunck of some stock he has that has gone up pretty significantly in value. He had the idea that because he now has the capital gains taxes to pay, seeing some losses in other investments wouldn't be as bad as usual since they would offset some gains. So he suggested maybe he should consider purchasing something slightly riskier than he would usually purchase since he is shielded a bit from losses affecting him as negatively.
I hadn't heard of this before and was wondering if it is something people consider, or if its the case that the losses/gains are small compared to the risk and people don't think its worth it? Meaning maybe you could buy something slightly riskier but not enough that it would be worth the time to figure it out and everything?
Anyway wanted to hear from some seasoned ears the positives and/or negatives of his idea.
Submitted July 24, 2018 at 06:51PM by dantheman252 https://ift.tt/2OdCoX3
