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A comment on UBS Acquires Wealthfront for $1.4B. Parent comment
I’m not in US, but what are the rules about buying back a stock that you just sold?
In Canada, it’s a 30d wait for the loss to count, but you can buy back another similar company/index the next minute and your loss still counts.
If the price of oil craters and you sell your -10% Exxon and buy -10% Chevron, you’re not timing the market but you are crystallizing a loss.
Or change between Solactive and MSCI-based index funds because they’re “only” 95% identical.
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I’m not in US, but what are the rules about buying back a stock that you just sold?
In Canada, it’s a 30d wait for the loss to count, but you can buy back another similar company/index the next minute and your loss still counts.
If the price of oil craters and you sell your -10% Exxon and buy -10% Chevron, you’re not timing the market but you are crystallizing a loss.
Or change between Solactive and MSCI-based index funds because they’re “only” 95% identical.