Welcome to the Stay Wealthy Podcast. I'm your host, Taylor Schulte, and today I'm wrapping up our tax loss harvesting series by answering three final questions.

Number one, what if I don't have any capital gains to offset? In this situation, how do I maximize the benefits of tax loss harvesting?

Number two, how do I properly navigate multiple tax slots and avoid making a costly

mistake while doing so? And then finally, number three, what is direct indexing and why is

tax loss harvesting always an advertised benefit? If this is your first time listening to this podcast, be sure to hit the pause button on today's

episode and go back to part one of this series, which aired just a few weeks ago on August 24th.

I'll link to it in the show notes, in addition to some other helpful articles that were referenced in today's episode,

which you can find by going

to you stay wealthy.com forward slash 167.

Repeat after me. If there is any benefit to doing tax loss harvesting, it's from deferring the

taxes that you owe, not from avoiding them. One more time, if there is any benefit to doing

tax loss harvesting, it's from deferring the taxes that you owe, not from avoiding them. I want that

to be the main takeaway of this three-part series, because yes, tax loss harvesting, as we've gone through,

can certainly be a great tax strategy. And yes,

it can lead to hire after tax returns and help you keep more of your hard-earned money.

But it's not as simple as just selling some securities at a loss every day or every month

or every year. And it's not the riskless no-brainer that many claim it to be. In fact,

in many cases, there's no

benefit to pursuing this strategy at all. Even worse, tax loss harvesting can sometimes

have a negative effect. And while it's impossible to cover every possible scenario here on the

podcast without putting all of you to sleep, I do want to address three final questions. These questions

cover some of the additional nuances that can sometimes get skipped over in the broader-based

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