Makara Crypto Baskets VS TokenTax: Crypto Tax Loss Harvesting

They are known as a robo advisor but it’s great that it it brings more exposure. I mentioned to Colin - Cartesi COO to try and contact Betterment another robo advisor that recently acquired Makara (https://makara.com). I think it would bring great exposure to more investors. Source: almost 2 years ago

There's a crypto platform I've played with a little bit called Makara. I have no money with them right now, but they're back in the news after recently agreeing to be purchased by Betterment. It's basically like M1 for crypto. The have different "baskets" of crypto assets, and you can allocate different percentages of your portfolio to the different baskets. Source: about 2 years ago

M1 should just buy https://makara.com. Source: over 2 years ago

If you're in the USA, the closest thing we have to a spot crypto ETF/Mutual Fund is a platform called Makara. They provide several thematic baskets that you can mix and match to build your own crypto portfolio. Makara is also registered with the SEC as an investment advisor and Gemini serves as the custodian to your tokens, so I believe they have done all their due diligence to be safe, secure, and compliant. Source: over 2 years ago

There are safer ways to harvest losses on a crypto asset. One approach is to trade the depreciated asset for a coin with which its price is closely correlated, hold that correlated coin for more than 30 days, and then repurchase the original asset. For example, you might trade UNI for DPI, hold DPI until the wash sale period passes, and then repurchase UNI. Source: over 2 years ago