Despite all the naysayers, bitcoin will close out 2020 as the best-performing asset in the world again. And you still have a chance to ride its coattails to life-changing gains… But that window of opportunity is fast closing.
As I pen this, our entire Palm Beach Letter model portfolio – warts and all – shows an open gain of 46% this year, compared to the S&P 500’s 14% gain. So we’ have been beating the broad stock market index more than three times over in 2020.
There’s a way to turn losses on your crypto holdings into immediate tax savings – while keeping possession of your crypto. It involves a loophole under Section 1091 of the IRS code. It’s known as the “wash-sale” rule.