TLH question

[crazyapple11]

Hi, I try to do Tax Loss Harvesting and I wondered whether I can sell Fidelity ® Select Software and IT Services and then buy QQQ? I believe they are not "substantially identical" investment. Any input are greatly appreciated? Thank you!

[livesoft]

Yes, you can do that.

[crazyapple11]

Yes, you can do that.

Thank you so much! Can I also ask whether FSCSX and VUG are "substantially identical" investments?

[Duckie]

Can I also ask whether FSCSX and VUG are "substantially identical" investments?

They are NOT substantially identical. They are not even similar.

[anon_investor]

VGT and XLK are also good tech ETFs to use as TLH partners.

[crazyapple11]

Thank you for all your help! I just realized that I posted the wrong symbol. I meant to say Vanguard Information Technology Index Fund Admiral Shares (VITAX).

Are FSCSX and VITAX "Substantially identical" securities? Thanks a ton!

[student]

Can I also ask whether FSCSX and VUG are "substantially identical" investments?

They are NOT substantially identical. They are not even similar.

The response is so funny.

[anon_investor]

Thank you for all your help! I just realized that I posted the wrong symbol. I meant to say Vanguard Information Technology Index Fund Admiral Shares (VITAX).

Are FSCSX and VITAX "Substantially identical" securities? Thanks a ton!

Not even closely related.

FSCSX has no Apple:
https://fundresearch.fidelity.com/mutua ... /316390822

VITAX has over 20% Apple:
https://investor.vanguard.com/mutual-fu ... d-holdings

[crazyapple11]

Thank you for all your help! I just realized that I posted the wrong symbol. I meant to say Vanguard Information Technology Index Fund Admiral Shares (VITAX).

Are FSCSX and VITAX "Substantially identical" securities? Thanks a ton!

Not even closely related.

FSCSX has no Apple:
https://fundresearch.fidelity.com/mutua ... /316390822

VITAX has over 20% Apple:
https://investor.vanguard.com/mutual-fu ... d-holdings

Thanks a million!