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A comment on How Discount Brokerages Make Money. Parent comment

Re:How Discount Brokerages Make Money by xapata on Wednesday June 26, 2019 @03:46AM (#20282716)
> buying a share of something equivalent

Wouldn't that be a wash sale, and thus fraud to claim the loss as a tax deduction?

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Re:How Discount Brokerages Make Money by nullc on Wednesday June 26, 2019 @06:07AM (#20283464)
I believe you and the prior posters are using different meanings for the word equivalent.

Buying the same asset under a different name (say, packaged under a different ticker on another exchange) would be a wash share.

Buying a truly different underlying asset in the same sector/region which has 99.9% correlation with the original asset you held would not be a wash sale.

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Re:How Discount Brokerages Make Money by xapata on Saturday June 29, 2019 @07:14PM (#20315432)
> 99.9% correlation

I think that's either an exaggeration or exceedingly rare.

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