re: Avoiding capital gains taxes when reallocating portfolio

quote:

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Selling an investment effectively means taking a 24% hit immediately on the new investment. That has to be considered.

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This is why tell myself that I don't have as much $ in my portfolio as it looks like. In reality you will eventually pay taxes one way or another (unless you croak, which is not a best-case scenario, tax-efficient as it may be), so a portfolio's true value is something less than the bottom line on the quarterly statement.

In other words, you're not really "taking a hit" by making the move. The hit was always there.