税务智能型策略
随着市场波动增加和前瞻性回报预期下调,您需要通过更有效、更聪明的财富管理方式来帮助自己实现财务目标,这一点已经变得越来越重要。我们的税务智能型策略有望帮助您实现更高的税后回报,同时我们会量身定制专属于您的投资组合。
看到自己持有的股票贬值肯定不是件易事,但市场低迷也有好处。这被称为「投资亏损节税」,可以让股票亏损为您带来好处。
最简单地说,投资亏损节税是一种策略,旨在帮助减少您的整体纳税义务,这样您就可以保留更多的收入。其原理是从亏本出售的投资中提取税收优惠额度,这些税收优惠额度可用于抵扣投资组合中其他地方变现的资本利得。如果得到有效应用,投资亏损节税可能会提高税后回报。
[background music]
Narrator:
It's not what you earn, but what you keep after taxes that matters. Personalized tax management is more important than ever and can make a significant impact on how much of your returns you actually keep, helping you protect and grow your investments for the future. One way to keep more of what you earn is a strategy called tax loss harvesting. In a nutshell, this strategy consists of: 1: Selling you're losing stocks. 2: Using those losses to offset capital gains in other parts of your portfolio. While, 3: Simultaneously reinvesting the proceeds in a similar stock to keep your portfolio in line with your objectives. This strategy could ultimately reduce your overall tax liability while maintaining your desired exposure in your portfolio and the potential for upside.
Here's a hypothetical example of how tax loss harvesting works. Let's say in March of 2020, you had $100,000 invested in stock A. Over the course of the month, the price fell by 40%. The new value of your position in stock A in April 2020 is now $60,000. To realize this loss for tax purposes, you could sell the losing investment in stock A at $60,000 and recognize a short-term tax loss of $40,000 generating potential tax savings of up to $16,320. At the same time, you want to continue to keep your portfolio in line with your objectives. So you reinvest the proceeds from your sale into an investment with similar characteristics, i.e. stock B. To retain your original exposures, you can now hold $60,000 of stock B, have locked in $16,320 of potential tax savings on your tax bill for the year, and can still benefit from this market sector's potential recovery from its lows.
When used efficiently throughout the year and throughout market cycles, tax loss harvesting can potentially help you achieve greater after-tax returns so you can keep more of what you earn. To learn more about how tax loss harvesting and our new tax smart solutions can help brighten your after-tax outlook, connect with your J.P. Morgan team.
END
Logo:
J.P.Morgan Private Bank.
Side note:
Legal disclosures appear.
Text on screen:
INVESTMENT AND INSURANCE PRODUCTS ARE:
NOT FDIC INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, J.P. MORGAN CHASE BANK, N.A. OR ANY OF IT'S AFFILIATES
SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Please read important information at the end.
On screen:
An unseen announcer:
Narrator:
It's not what you earn, but what you keep after taxes that matters. Personalized tax management is more important than ever and can make a significant impact on how much of your returns you actually keep, helping you protect and grow your investments for the future. One way to keep more of what you earn is a strategy called tax loss harvesting.
On screen:
Graphic images show marbles (representing tax losses) contained in circular shallow pits.
Narrator:
In a nutshell, this strategy consists of: 1: Selling you're losing stocks. 2: Using those losses to offset capital gains in other parts of your portfolio. While, 3: Simultaneously reinvesting the proceeds in a similar stock to keep your portfolio in line with your objectives. This strategy could ultimately reduce your overall tax liability while maintaining your desired exposure in your portfolio and the potential for upside.
On screen:
Graphic images show groups of marbles (representing tax losses) contained in different circular pits.
Text on screen:
How It Works…
Narrator:
Here's a hypothetical example of how tax loss harvesting works. Let's say in March of 2020, you had $100,000 invested in stock A. Over the course of the month, the price fell by 40%. The new value of your position in stock A in April 2020 is now $60,000. To realize this loss for tax purposes, you could sell the losing investment in stock A at $60,000 and recognize a short-term tax loss of $40,000 generating potential tax savings of up to $16,320. At the same time, you want to continue to keep your portfolio in line with your objectives. So you reinvest the proceeds from your sale into an investment with similar characteristics, i.e. stock B. To retain your original exposures, you can now hold $60,000 of stock B, have locked in $16,320 of potential tax savings on your tax bill for the year, and can still benefit from this market sector's potential recovery from its lows.
On screen:
Graphic images show circles containing rectangular bars (representing tax savings).
Narrator:
When used efficiently throughout the year and throughout market cycles, tax loss harvesting can potentially help you achieve greater after-tax returns so you can keep more of what you earn. To learn more about how tax loss harvesting and our new tax smart solutions can help brighten your after-tax outlook, connect with your J.P. Morgan team.
On screen:
Graphic images illustrate possible after-tax returns ranging between plus 10% to plus 17%.
Text on screen:
To learn more about Tax Loss Harvesting, connect with your J.P. Morgan Team.
Side note:
Legal disclosures appear.
Text on screen:
Key risks
This material is for information purposes only, and may inform you of certain products and services offered by private banking businesses, part of JPMorgan Chase & Co. (“JPM”). Products and services described, as well as associated fees, charges and interest rates, are subject to change in accordance with the applicable account agreements and may differ among geographic locations. Not all products and services are offered at all locations. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility.support@jpmorgan.com for assistance. Please read all Important Information.
GENERAL RISKS & CONSIDERATIONS
Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results.
Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this material should be relied upon in isolation for the purpose of making an investment decision. You are urged to consider carefully whether the services, products, asset classes (e.g. equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with an investment service, product or strategy prior to making an investment decision. For this and more complete information, including discussion of your goals/situation, contact your J.P. Morgan team.
NON-RELIANCE
Certain information contained in this material is believed to be reliable; however, JPM does not represent or warrant its accuracy, reliability or completeness, or accept any liability for any loss or damage (whether direct or indirect) arising out of the use of all or any part of this material. No representation or warranty should be made with regard to any computations, graphs, tables, diagrams or commentary in this material, which are provided for illustration/ reference purposes only. The views, opinions, estimates and strategies expressed in this material constitute our judgment based on current market conditions and are subject to change without notice. JPM assumes no duty to update any information in this material in the event that such information changes. Views, opinions, estimates and strategies expressed herein may differ from those expressed by other areas of JPM, views expressed for other purposes or in other contexts, and this material should not be regarded as a research report. Any projected results and risks are based solely on hypothetical examples cited, and actual results and risks will vary depending on specific circumstances. Forward-looking statements should not be considered as guarantees or predictions of future events.
Nothing in this document shall be construed as giving rise to any duty of care owed to, or advisory relationship with, you or any third party. Nothing in this document shall be regarded as an offer, solicitation, recommendation or advice (whether financial, accounting, legal, tax or other) given by J.P. Morgan and/or its officers or employees, irrespective of whether or not such communication was given at your request. J.P. Morgan and its affiliates and employees do not provide tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.
Your investments and potential conflicts of interest
Conflicts of interest will arise whenever JPMorgan Chase Bank, N.A. or any of its affiliates (together, “J.P. Morgan”) have an actual or perceived economic or other incentive in its management of our clients’ portfolios to act in a way that benefits J.P. Morgan. Conflicts will result, for example (to the extent the following activities are permitted in your account): (1) when J.P. Morgan invests in an investment product, such as a mutual fund, structured product, separately managed account or hedge fund issued or managed by JPMorgan Chase Bank, N.A. or an affiliate, such as J.P. Morgan Investment Management Inc.; (2) when a J.P. Morgan entity obtains services, including trade execution and trade clearing, from an affiliate; (3) when J.P. Morgan receives payment as a result of purchasing an investment product for a client’s account; or (4) when J.P. Morgan receives payment for providing services (including shareholder servicing, recordkeeping or custody) with respect to investment products purchased for a client’s portfolio. Other conflicts will result because of relationships that J.P. Morgan has with other clients or when J.P. Morgan acts for its own account.
Investment strategies are selected from both J.P. Morgan and third-party asset managers and are subject to a review process by our manager research teams. From this pool of strategies, our portfolio construction teams select those strategies we believe fit our asset allocation goals and forward-looking views in order to meet the portfolio's investment objective. As a general matter, we prefer J.P. Morgan managed strategies. We expect the proportion of J.P. Morgan managed strategies will be high (in fact, up to 100 percent) in strategies such as, for example, cash and high-quality fixed income, subject to applicable law and any account-specific considerations.
While our internally managed strategies generally align well with our forward looking views, and we are familiar with the investment processes as well as the risk and compliance philosophy of the firm, it is important to note that J.P. Morgan receives more overall fees when internally managed strategies are included.
We offer the option of choosing to exclude J.P. Morgan managed strategies (other than cash and liquidity products) in certain portfolios.
Legal entity, brand & regulatory information
In the United States, bank deposit accounts and related services, such as checking, savings and bank lending, are offered by JPMorgan Chase Bank, N.A. Member FDIC.
JPMorgan Chase Bank, N.A. and its affiliates (collectively “JPMCB”) offer investment products, which may include bank managed accounts and custody, as part of its trust and fiduciary services. Other investment products and services, such as brokerage and advisory accounts, are offered through J.P. Morgan Securities LLC (JPMS), a member of FINRA and SIPC. Annuities are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. JPMCB, JPMS, and CIA are affiliated companies under the common control of JPM. Products not available in all states.
With respect to countries in Latin America, the distribution of this material may be restricted in certain jurisdictions. We may offer and/or sell to you securities or other financial instruments which may not be registered under, and are not the subject of a public offering under, the securities or other financial regulatory laws of your home country. Such securities or instruments are offered and/or sold to you on a private basis only. Any communication by us to you regarding such securities or instruments, including without limitation the delivery of a prospectus, term sheet or other offering document, is not intended by us as an offer to sell or a solicitation of an offer to buy any securities or instruments in any jurisdiction in which such an offer or a solicitation is unlawful. Furthermore, such securities or instruments may be subject to certain regulatory and/or contractual restrictions on subsequent transfer by you, and you are solely responsible for ascertaining and complying with such restrictions. To the extent this content makes reference to a fund, the Fund may not be publicly offered in any Latin American country, without previous registration of such fund´s securities in compliance with the laws of the corresponding jurisdiction. Public offering of any security, including the shares of the Fund, without previous registration at Brazilian Securities and Exchange Commission–CVM is completely prohibited. Some products or services contained in the materials might not be currently provided by the Brazilian and Mexican platforms.
References to “J.P. Morgan” are to JPM, its subsidiaries and affiliates worldwide. J.P. Morgan Private Bank” is the brand name for the private banking business conducted by JPM. This material is intended for your personal use and should not be circulated to or used by any other person, or duplicated for non-personal use, without our permission. If you have any questions or no longer wish to receive these communications, please contact your J.P. Morgan team.
Copyright 2022 JPMorgan Chase & Co. All rights reserved.
END
为什么选择摩根大通私人银行的税务智能型策略?
我们的税务智能方法结合了我们的经验与尖端技术,能为您提供一个经济高效的个性化策略,优化您的税后回报。
我们的投资专长
7,000+
亿美元
全权委托账户资产管理规模
400+
策略
为您精心打造(跨共同基金、独立账户和单一/多元资产策略)
最佳
私人银行
荣获《环球金融》杂志评选为2020年、2021年、2022年「全球最佳私人银行」。
TAXES
How do tax-smart strategies actually work?
Using a tax-smart strategy can help investors keep more of what they earn. Now may be an opportune time to consider adding one to your portfolio.
September 25, 2022
PORTFOLIO MANAGEMENT
How can today's market volatility be turned into tax benefits?
Tax loss harvesting can help enhance investors' after-tax returnsJune 22, 2022
常见问题解答
什么是投资亏损节税?
简而言之,投资亏损节税是及时亏本出售证券,以抵扣投资组合中其他地方已变现的投资收益。这让您有机会减少税负,留住更多的投资回报。
我的投资组合有哪些个性化方案?
我们提供多种方式,以根据您的个人偏好定制您的投资组合。我们有超过40个筛选条件供您集中筛选股票/行业持仓或价值。
最低投资额是多少?
最低投资额将取决于您选择的策略。例如,我们有最低投资额为250,000美元的策略,您可以个性化方式配置自己的标普500指数持仓。
如果我有升值的持仓呢?
对于希望通过证券为其投资组合提供资金的投资者,我们提供灵活的过渡方案,可根据其个人税收预算偏好进行定制。我们将与您紧密合作,设计出符合您财富目标和偏好的投资组合,同时提高您的潜在税后回报。您也可以将现有持仓转换成一种顾及自己独特税收预算偏好的节税方式。
How will I know how my portfolio is performing?
Our robust performance reporting quantifies your tax benefit relative to the benchmark, helping you to easily understand the value-add of our active tax management.
投资亏损节税策略的潜在风险是什么?
跟踪误差是投资亏损节税策略的潜在风险之一。跟踪误差反映您的账户与目标投资组合的一致程度。我们有一个稳健的风险管理框架,以确保在策略寻找亏损节税机会时,将跟踪误差最小化。
考虑投资亏损节税策略的投资者应该全面地审视其投资组合,以确保自己没有偏离总体投资目标。