Q: Hi Folks,
Tax loss selling - which of T or IBIT(US) would you sell. If I were to sell Telus, I would NOT buy it back and if I were to sell IBIT, I would buy it back in 30 days.
Thanks
Tax loss selling - which of T or IBIT(US) would you sell. If I were to sell Telus, I would NOT buy it back and if I were to sell IBIT, I would buy it back in 30 days.
Thanks
5i Research Answer:
While we are not going to say bitcoin is 'better' than Telus, for a tax loss sale certainly IBIT has more volatility and more bounce potential. If one is looking at a tax loss and a possible re-buy, or not, we would sell T simply because under the right conditions IBIT could (potentially) move up sharply, especially after its big and quick recent decline.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in IBIT.