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.
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.