How does Selective Trading work?

If you hold any of the ETFs in your WiseBanyan account elsewhere in another investment account, you could end up with wash sales, which can erase the losses you harvest through our WiseHarvesting services. To protect against wash sales, you can use Selective Trading to remove these ETFs from trading in your WiseBanyan account(s).

After you remove ETFs from trading, we will liquidate these ETFs, and stop buying the removed ETFs going forward (until you tell us to resume). This should minimize potential wash sales as well as let you leave your outside accounts untouched. You can learn more about wash sales here.

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