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i don’t understand the before the sale part. If I purchased XYZ on 7/15. Sold XYZ on 8/12. When can I rebuy before triggering wash sale? 31 days after 8/12 is 9/13 but what’s the 61 days part? Ultimately, is 9/13 the day I can repurchase XYZ without triggering wash sale?

Hi Matthew, thanks for watching! To answer your question, assuming stock XYZ was sold at a loss on 8/12, 9/13 would be the first trading day where you could repurchase without a wash sale. The loss from selling on 8/12 would be a realized loss by 9/13. Hope this helps. Please like, subscribe and check out my video on how to avoid wash sales. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-BBRg5cP_wPg.html

@@FinancialFitness8 I will subscribe, thanks! Okay, so 9/13 is when I can rebuy without wash sale since my losses on 8/12 have realized. But what’s the 61 days? Before the sale, I don’t understand that part

Awesome! The 61 days I find to be extremely confusing to explain which is why I don't speak to it and just talk about counting the 30 days. Within 30 days before or after the date you sell shares at a loss (it's a 61-day window). Essentially if you had purchased within 30 days even before you had sold at a loss, you can trigger a wash sale. So some definitions say 61 days to reference the before and after timeframe. I find it more confusing to explain that instead of just counting 30 days.

@@FinancialFitness8 okay thanks for your help!

Hi Cong, dollar cost averaging sounds like a great idea for long term investing. I actually talk a bit about DCA in my video on investing myths. Please like, subscribe and check out that video too. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-TPfGhogO4WA.html

@@FinancialFitness8 Thanks Brian, I am 34, super into personal finance, love your channel, i think i am good at most part but always look forward to learning something new, will try to teach my kids at young age about good financial habits. I was primarily interested in after maxing out all retirement savings, if hiring advisor for tax efficient investing or doing some automated investing in low cost index funds in brokerage account, tax drag vs advisory fee, which outweighs more in the low run, maybe I will start looking into both and test drive a bit.

Appreciate the kind words and support! Please share my channel as well with people you think would find it helpful. Yes, teach personal finance as early as reasonably possible. And it's great that you can max out your retirement accounts, very good start! Try testing out your DCA low fee index funds in a brokerage account and using a robo advisor. Both strategies would be fairly low fee and there is minimal effort involved with both. Personally, I think if you invest a very large sum of money through a financial advisor, it can open the door to new investments that would normally be out of reach, plus they can provide other advice and perspectives on the market. But under normal circumstances, self managing is likely almost as efficient as long as you have a good accountant to assist you too. Just my thoughts on it.