news 
Top Ripple Exec Claims He Sold Stocks to Harvest Losses
In a recent statement, Schwartz, a top Ripple executive, revealed that he has sold some of his stock holdings in order to realize short-term capital losses and subsequently reduce his taxable income. This move is seen as a strategic decision, aiming to minimize the financial impact of the current market downturn.
According to Schwartz, he recently purchased some stocks that have now become worthless due to the recent market turmoil. By selling these investments at a loss, he is able to offset some of his gains in other areas and potentially lower his tax liability.
Schwartz’s decision highlights the importance of effective portfolio management during times of financial instability. Many experts are cautioning investors against making impulsive decisions with their retirement accounts, such as 401(k)s, recommending instead a long-term strategy that focuses on diversification, buffer ETFs, and tax-harvesting techniques like those employed by Schwartz.
It is essential for investors to be aware of these strategies and adapt them in response to market changes.
Source: https://u.today/top-ripple-exec-claims-he-sold-stocks-to-harvest-losses
