Hi,
I have a question about tax loss harvesting. So this is the first year I've really read into it, and with the strong market the last few years the first time I would have the opportunity to use it. So right now I had around $45k in FBIOX in Fidelity which is now down to around $30k, so around $15k loss in the last few months. I had been thinking about moving money into FSTVX (Spartan 500 Index) for a while. Even if I wanted to move back into FBIOX later in the year, is there any reason why I shouldn't sell the FBIOX today and buy FSTVX and be able harvest the losses? If the FSTVX goes up w/the market or goes down, at least it's mimicking the market, and will eventually go up. I've never done the tax loss harvesting so don't know if I'm seeing it right, and if Fidelity sends you all the forms at the end of the tax year or if I have to actually document anything? Is there anything I'm missing here, and if I do have it right, is there any reason why if you have something else you would want to move money into (that's not an identical fund) why you wouldn't do this at any time when there is a dip in the market?