| By Grant Wasylik, analyst, Palm Beach Daily Looking back over the last several years, it’s been a great run for PBRG subscribers… The portfolio recommendations in our flagship advisory, The Palm Beach Letter, have an average annual return of over 100% since its April 2011 inception. That’s about 10 times the S&P 500’s average annual return over the same span. (The performance is so good, we had an auditor verify them. PBL subscribers can see the results here.) Longtime Palm Beach Confidential subscribers are sitting on multiple crypto positions with 1,000%-plus returns. Since the debut of Crypto Income Quarterly in December 2018, nearly half of our “dividend”-paying cryptos are yielding double digits… and one is yielding over 100%. So far this year, we’ve closed 30 trades in Teeka Tiwari’s Alpha Edge for a 100% win-rate. This strategy has an annualized return of 24.6% in 2019. And Palm Beach Trader has 25 open positions with an average return of 19.3% this year. Now, we also launched two new services this year: Palm Beach Venture and Palm Beach Quant. While it’s too early to gauge their performance, we strongly believe they’ll follow suit. | Recommended Link | | Set free from England’s foster care system at 16…  Teeka Tiwari came to America with $150 in his pocket.
He worked three jobs and told anyone who would listen that he wanted a job on Wall Street. He never gave up, and landed one… And by the age of 20, he was the youngest VP in Shearson Lehman history. After that, he ran a successful hedge fund… made millions… and retired. Today, Teeka’s giving back. He teaches regular people how to invest… and how to beat Wall Street. And he says… | | | -- | To be fair, we’ve booked some losses along the way, too. After all, no investing strategy is perfect. Still, subscribers who’ve followed our strategies are sitting on gains this year. But there’s a downside to all this success… The taxman wants his cut as well. So if you’ve booked large gains this year in your taxable accounts, I’ll share a quick and easy way to offset them with any losses… Harvest Your Losses Every time we sell an investment, there’s a tax consequence. If you have a gain, you owe money. If you have a loss, you might be able to write those losses off. And you can use the offsetting losses to your benefit. We call this “tax-loss harvesting.” And it can help you instantly recoup a portion of your biggest losses. | Recommended Link | | This weird painting hides a trillion-dollar secret (can you spot it?) It looks like a painting you might see at the Metropolitan Museum of Art… or the Louvre. But the “artist” who created this portrait is not a name you’d recognize. That’s because it isn’t a human at all. It is an AI “robot.” And the technology behind it is growing at an incredible pace. More than 75 billion devices worldwide could access it by 2025. And according to PricewaterhouseCoopers, more than $15 trillion in wealth is up for grabs. That means you need to know the right stocks to buy now. Silicon Valley angel investor Jeff Brown has three companies at the top of his list. He predicts these three companies could one day be worth 15x more than Apple. | | | -- | Here’s an example… Let’s say you made $10,000 in a hypothetical trading account this year. You could owe up to $3,700 in taxes depending on your tax bracket. To cut that down, look at your open positions. Specifically, look at your losers. As we’ve pointed out before, on average, they underperform winners. Now, let’s say you have a position with a $10,000 loss. You can book that loss now and it would eliminate the $3,700 tax bill from your gains. That’s a potential $3,700 going back into your pocket. If your losses are larger than your gains, you can use the remaining losses to reduce up to $3,000 of your ordinary taxable income. And if you incur any losses above that amount, you can carry them forward. So by realizing or “harvesting” a loss, you can offset taxes on both gains and income – and optimize your taxes. | Recommended Link | | Judge Pirro’s Latest Interview Is Going VIRAL One of the top news anchors in America just went on-camera to expose a huge story. When word spreads about what she’s uncovered — it could trigger an equally huge move in the stock market. If you haven't seen her interview… which details a sector of the market that could soar 37x in the months ahead, click this link to watch it now. | | | -- | What Should You Sell? Individual stocks are a good starting spot. But you can also harvest other securities, such as ETFs, mutual funds, and closed-end funds (CEFs). And if you want to find out if you have any losses to harvest, follow these steps: Log in to your brokerage account. Find the “History” or “Statements” section. Click on “Realized Gain/Loss.” Look for your winners and losers. If you have meaningful realized gains, consider selling some losers. Of course, you’ll need to avoid the “wash-sale” rule. (We covered this rule – and one exception to it – in yesterday’s Daily.) To recap, the IRS prohibits investors from claiming a tax loss if they repurchase the same or substantially similar security either 30 days before or 30 days after selling a security for a loss. And remember, this advice is for general purposes only. Each individual’s scenario is different. So we strongly recommend you consult a tax professional before harvesting any losses. Just know that many investors neglect – or don’t know of – this smart tax technique. Don’t be one of them. Even if you’re having a winning year in the markets, you can still take advantage of your current losers come tax time. Regards, 
Grant Wasylik
Analyst, Palm Beach Daily
Like what you’re reading? Send us your thoughts by clicking here. IN CASE YOU MISSED IT… Retirement "reset" coming on 12/11/19. On Wednesday, December 11th, 2019, retirement will essentially “reset” for thousands of people, overnight. Make sure you’re there when it happens… and see how it could help you make $200,000 next year. Click here for the full story. 
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