[refurb]

Absolutely the masses can use it.

Last year was a great time to do it. SP500 was down, but many tech stocks weren't (yet).

Sell your Vanguard ETF, use the loss to offset the tech stock you sold with huge gains. Buy back another ETF that is highly correlated with the SP500.

Net capital gains = $0 and you still hold the same SP500 position as before.

[anonymouskimmer]

> "Absolutely the masses can use it."

It looks like the majority of people who own stock own it in things like retirement accounts[1, Table 3.]. Tax-deferred retirement accounts apparently can't use this trick[2].

1 - https://wallethacks.com/stock-ownership-in-america/

2 - https://www.irs.gov/newsroom/what-if-my-401k-drops-in-value