4 ms·
Only technically. The overhead to manage this rarely works out for the less than wealthy. Not to mention most non-wealthy people make most of their income as ea
by jjeaff 4y ago
Only technically. The overhead to manage this rarely works out for the less than wealthy. Not to mention most non-wealthy people make most of their income as earned income.
- deleted 4y ago[deleted]
- berberous 4y agoI'm not sure what you mean by "overhead", but direct indexing has been commodified for the masses for a while. See Wealthfront for example. Even Vanguard is pushing into it soon: https://www.etf.com/sections/features-and-news/vanguard-going-all-direct-indexing-ceo-says https://www.etf.com/sections/features-and-news/vanguard-goin... Now that said, I agree the benefits of direct indexing for the non-wealthy is vastly overstated and probably a mistake for most.
- hn_throwaway_99 4y agoI do loss harvesting every year in a simple online brokerage account. There is basically no "overhead", especially since many brokerages over extremely low or 0 trading fees these days. This isn't difficult.
- jjeaff 4y agoAnd you probably save a negligible amount overall for your trouble.