
The sell-off pre-Thanksgiving has certainly created an opportunity for portfolio checkup. Hello, my name is Paul Carroll. I'm the CEO and founder of Efficient Wealth Management. Until recently, as we've talked about before, the FAANGSs have defied gravity and they've done this as other assets have stumbled leading to some frustrating tracking error. The S&P 500 has been pulled up by the FAANGs. The rest of markets, global and domestic, have fallen behind. That tracking error appears to be ending. Fortunately, for the last year or so, we've been persistently trying to de-risk clients, especially those with concentrated holdings. Now, with the market correction definitely in play and the price of oil tumbling, we're beginning to see a certain amount of normalization of asset valuations, especially international. This is a wonderful opportunity, finally, to get some good rebalancing in, to take some tax losses. We call this tax harvesting. To...
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