Tag: Tax Loss Harvesting
Posted on May 24, 2021
- Not all robos implemented tax-loss harvesting to the same extent. While some realized net losses of over 8% of the account value on the year, others did not realize any losses at all
- TD Essential Portfolios and Schwab Intelligent Portfolios were top choices for tax-loss harvesting over the year
- SigFig, UBS, and Citizens were at the bottom of the pack with virtually no net realized losses on the year
Posted on March 27, 2020
Welcome to the March 2020 Backend Benchmarking company update. Today, we share an update from our research team on the robos’ movements during the recent market volatility, our progress on application development, Backend Benchmarking’s recent media appearances, and our plan to acquire our first users inexpensively.
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Posted on March 13, 2020
News of the novel coronavirus has dominated the 2020 news cycle. Both equity and bond markets have been extremely volatile, and the S&P 500 Index has dipped into bear market territory after dropping as much as 25% from its previous high. However, many other developments have taken place during the year. Morgan Stanley is set to acquire E*Trade in an all-stock deal valued at $13 billion. Citigroup unveiled its new robo advisor, and Goldman Sachs is expected to do the same soon.
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Posted on March 8, 2020
- The recent shock from the coronavirus has pushed the down S&P 500 down as much as 27%
- The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
- Only a few robo advisors have heavy fixed income allocation to Treasury bonds, one of the few areas of the market that has fared well during the crisis
Posted on March 5, 2020
- The recent shock from the coronavirus has pushed the down S&P 500 down as much as 15%
- The drop provided robo advisors with an opportunity to place tax-loss harvesting trades
- Most robos exhibited similar upside and downside capture ratios, with a few exceptions
Posted on November 21, 2019
Should you use a robo advisor? Whether you are new to investing or not, the automated investing technology that robos provide can alleviate some of the stress and confusion related to investing. If you are not familiar with robo advisors, we suggest reading our breakdown first.
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