![]() You could harvest tax losses at the fund level-sell shares of an underperforming index fund or ETF and replace them with a different fund-but you can’t hone in on individual winning or losing securities within a fund. You may then replace the assets you sell with similar, but not identical, investments to position yourself for a rebound in the asset class. Tax-loss harvesting is when you sell off assets that have fallen in value to offset current or future gains from other sources. Tax-Loss Harvesting Is Direct Indexing’s Superpower Building and managing a direct index portfolio is a time-consuming job that requires frequent rebalancing. Individual investors typically rely on big financial firms or financial advisors to provide them with direct indexing services. Since you’re buying individual securities rather than a fund, you get extra flexibility to customize your portfolio, enabling you to reap potential tax benefits and filter out unsavory or undesirable stocks you can’t when you buy a fund wholesale. ![]() Here’s where the direct indexing strategy diverges from funds. Sound familiar? Direct indexing uses a similar approach to index funds and ETFs. How Direct Indexing Worksĭirect indexing involves purchasing the underlying securities that make up an index, with the goal of duplicating the index’s performance. ![]() This strategy is expected to grow 12.3% annually and reach $800 billion by 2026, according to a recent report from Cerulli Associates. Once the exclusive domain of wealthy clients, direct indexing has become cheaper and more accessible than ever thanks to better technology and ever-lower trading commissions. Rather than buying a mutual fund or exchange-traded fund, direct indexing allows investors to tailor their portfolio to their specific preferences and investment goals, and it’s especially useful for ESG investing. I am therefore giving away my original Wiim Mini, bought from Amazon DE, over on Patreon.ĭarko.Audio may earn a small commission from items purchased via affiliate links.Direct indexing is the construction of a custom investment portfolio that mirrors the composition of an index. One final thought: since my review went live, Wiim has been in touch and is sending me a couple of Minis to use around the house whenever the occasion strikes. The Wiim Mini is now an even bigger bargain than it was two weeks ago. That means a line-level output when connecting the Wiim to an integrated amplifier via its 3.5mm analogue output and a bit-perfect stream when connecting it to a DAC over TOSLINK.Īnd that, ladies and gentlemen, is what we call progress. Of course, if you’re not fussed about hi-res, you won’t be fussed by this limitation.ģ) the Home app now features a ‘fixed output’ option that (presumably) bypasses the Mini’s DSP-based volume attenuator. That’s especially good news for Qobuz users delving into hi-res audio as Tidal is still capped at CD quality inside the Wiim app and with Tidal Connect. a 16bit/44.1kHz stream will be output at 16bit/44.1kHz and a 24bit/192kHz stream will be dispatched at 24bit/192kHz. It’s been in beta testing for the past couple of weeks but this weekend Wiim is rolling out an over-the-air update to the Mini – version 42 – that rights the above wrongs.ġ) Streams instigated via the Home app now playback gaplessly: UPnP, Tidal and Qobuz.Ģ) all streams spun from the Mini’s TOSLINK socket are rendered bit-perfectly e.g. Grumbles were few but the TOSLINK output didn’t offer bit-perfect playback (all streams were resampled to 48kHz before dispatch), the internal digital volume control couldn’t be bypassed to give a fixed output – it could only be set to 100% – and Tidal/Qobuz/UPnP playback inside the Home app wasn’t gapless. That’s whole a lot of streaming functionality for a very reasonable €99/US$99. Two weeks ago, we took a deep dive on the Wiim Mini, a puck-sized streamer from China that offers Apple AirPlay 2, Spotify Connect, Tidal as well UPnP from Wiim’s Home smartphone app. UPDATE 17th March 2022: Not quite - the Wiim Home app still slices tiny gaps of silence between tracks.
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