With the market decline in February and March, investors with taxable investment accounts have had an opportunity to harvest investment losses that can offset future capital gains and ordinary income, potentially saving them a significant amount in taxes. One of the most important considerations with harvesting losses is reinvesting the proceeds so as to not miss out on a market upswing. If you have questions about how you may be able to benefit from this strategy, please contact us by clicking here.
Warren Buffet issued good reminders to investors during Berkshire Hathaway’s annual shareholder meeting – don’t let fear control your investment decisions and don’t invest in stocks for short-term goals. Similarly, Elser Financial Planning adheres to a disciplined, long-term investment strategy and we work with our clients to maintain liquidity for their near-term needs.