Anyone have experience with using exchange funds (not ETFs) or tax loss harvesting for diversifying from a concentrated position? How has it worked out to you? Did you work with a financial planner? Feel free to share your experience via DM if you’d prefer. TC: 400K
I’m willing to hold for 7 years, but I wonder about the composition of stock in the exchange fund. I imagine the composition would be pretty random based on who exchanged stocks into the fund. So not exactly sure if it’s safe enough to hold for 7 years.
That's why there are usually things like an application process to vet what stocks you're bringing in. I looked into it a bit years ago, it looked difficult for the average investor to get into one
Cool! I will look into it then.