-
Blackstone Inc. (BX)
-
Berkshire Hathaway Inc. (BRK.B)
-
Brookfield Infrastructure Corporation (BIPC)
-
Brookfield Corporation Class A Limited (BN)
Q: Last week we sold BN and BIPC (U.S. $) for tax loss. Since almost everything will be in decline over the next few weeks, do you suggest we leave the money in cash or buy another stock or stock which we could sell at a (probable) further loss to rebuy the original two? Could you suggest a couple of U.S. candidates please?
Thank you
Thank you
5i Research Answer:
Just as there is no guarantee stocks will rise, there is no guarantee that things will decline, either. Yes, tax loss selling can add selling pressure, but positive economic/world/rate news would still likely over power this effect. But, despite that, we would not have big concerns just sitting out for 30 days and rebuying. Markets could rise, but we doubt enough to offset the tax benefits realized. If using a proxy we would suggest BRK.B and BX.