No one likes to lose. But sometimes, recognizing a loss on an asset can be a winning strategy for taking a bite out of your tax bill. For some investors, tax loss harvesting can help achieve this goal.
What can a blind poet from 2,700 years ago teach us about investing? Plenty, it turns out.
The poet Homer tells us that the beautiful witch-goddess, Circe, warned Odysseus that his ship would sail by an island of lovely Sirens. Countless sailors had previously sailed by the island, but none had survived because they changed their course towards the island after hearing the Sirens’ beautiful and irresistible songs. As a result, they wrecked their ships and killed themselves on the island’s rocky shores. Upon Circe's advice, Odysseus plugged his crew’s ears with beeswax and tied himself to the mast of his ship so his crew couldn't change course and sail towards certain death.
How does this tale from Greek mythology provide a lesson for the modern investor? We invite you to download this complimentary Investment Perspective and learn more about why today's investors should "follow that blind man."
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