What's The End Goal for Wealthfront and Betterment? (2016)

Re:What's The End Goal for Wealthfront and Betterment? (2016) by mrkurt on Sunday March 26, 2017 @01:16PM (#13961806)

Wealthfront buys the individual shares that track an index. When shares lose value, they'll sell those and buy other shares that are equivalent.

It worked pretty well for me in 2016. I was up ~11% total and about to deduct about 6% in losses.

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Re:What's The End Goal for Wealthfront and Betterment? (2016) by pscsbs on Sunday March 26, 2017 @03:16PM (#13962548)

However, that 6% is capped by the IRS at $3,000 per year.

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Re:What's The End Goal for Wealthfront and Betterment? (2016) by mrkurt on Monday March 27, 2017 @02:03PM (#13970148)

No, it offsets my other capital gains that year. $3k per year after that can be applied to normal income. Or it can all be applied to future capital gains.

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Re:What's The End Goal for Wealthfront and Betterment? (2016) by ctchocula on Sunday March 26, 2017 @06:30PM (#13963722)

It's nice that the rest of the loss can be carried over to future years.

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