Financial Planning Startup Wealthfront Woos Silicon Valley Workers With A Once-Secret Investment Trick

Wealthfront, a Palo Alto-based startup that wants to democratize wealth management, is giving users access to a once-exclusive investment trick called tax loss harvesting that lets them boost their long-term returns. It sounds wonky, but the strategy basically entails selling poorly performing investments at the end of the year so that they can be written off against gains in a portfolio, reducing an overall tax bill. (There's a video that explains it below.)

Source: http://feedproxy.google.com/~r/Techcrunch/~3/ysUgC9yQj-E/

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