Re:Insider trading has been rife on Wall Street, academics c...
by loeg on Sunday February 11, 2018 @11:22PM
(#16356516)
You can't state that authoritatively, as most customers will probably also be in lower tax brackets than 35%, which produced the $420,000 figure. And who knows if they are hitting $3k/year, every year.
> Of course that assumes users with small account sizes actually have enough losses to harvest, but that seems likely when there is a market downturn like last week.
Exactly -- small account sizes have fewer losses to harvest. Maybe they see a slight benefit over totally passive investment net of fees, but the magnitude will be small.
And you can easily tax loss harvest without the robo-adviser anyway.
> Of course that assumes users with small account sizes actually have enough losses to harvest, but that seems likely when there is a market downturn like last week.
Exactly -- small account sizes have fewer losses to harvest. Maybe they see a slight benefit over totally passive investment net of fees, but the magnitude will be small.
And you can easily tax loss harvest without the robo-adviser anyway.