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What is Daily Tax-Loss Harvesting? How is it different from Tax-Loss Harvesting in general?

Daily Tax-Loss Harvesting is a service offered by Wealthfront that allows us to check your account for Tax-Loss Harvesting opportunities on a daily basis.

Tax-Loss Harvesting as traditionally practiced and as offered by non-software-based financial advisors typically only checks your account for Tax-Loss Harvesting opportunities once a year.

That means traditional Tax-Loss Harvesting misses many opportunities to harvest tax-losses and generate additional performance.

For a detailed explanation of this strategy and actual results, take a look at the Wealthfront Tax-Loss Harvesting Whitepaper.

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Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.