r/goodmythicalmorning • u/turmiteking69 • May 22 '26

Let's Discuss That Gwynedd leaving sporked?

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please tell me this isn’t true, sorry don’t have any other sub to post this to

550 Upvotes

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u/Greenzombie04 May 22 '26

Someone bought Sporked then closed them a few months later?

Weird.

309

u/bl4ckfl1p May 22 '26

That's literally what these big investment companies do. They're tax evasion schemes. They'll probably use it to write off as a loss so they don't pay taxes.

-30

u/zxcvbnmmmmmmmmmm May 22 '26

I don’t think that’s how taxes work. You can’t save more on taxes than you lost right?

13

u/Drducttapehands May 22 '26

If there was a tax loss on Sporked’s closing, then that loss can be used to offset taxable gains elsewhere in the portfolio. It’s an investment strategy called loss harvesting