Is it possible to slide money from risky stocks to safer ETFs without getting taxed to death? I gambled on some stocks, won, and want to protect the proceeds. I don't need the money anytime soon, but I'd like to store it in a safer place and maybe withdraw it later when I'm in a lower tax bracket.
How to go from risky to safe and minimize the taxes?
byu/dalbert02 ininvesting
Posted by dalbert02
3 Comments
Aside from complicated leverage and/or options trades, no not really. Pay your taxes and call it a good-to-have kind of problem.
– https://analystprep.com/study-notes/cfa-level-iii/managing-concentrated-positions-in-public-equities/
– https://analystprep.com/study-notes/cfa-level-iii/a-private-equity-management-strategy-for-concentrated-positions/
If you’ve held these stocks for at least a year, then they are long term capital gains, which aren’t nearly as progressive as income taxes. What income bracket are you in and how much capital gains are you talking about?