More by accident than anything else, I sold a bunch of shares during the year for significant capital gains. I hadn't held on to them long enough to qualify for the CGT discount. So I'm looking a hefty CGT bill. At the same time I've obviously had significant capital losses. So I'm doing some tax loss harvesting and have sold a portion of the portfolio I feel least confident about going forward. I pondered just holding the loss in cash to offset the CGT, but fairly obviously a smarter thing to do is buy straight away when everything is down. I'm curious how others approach this. Do you buy the thing doing well (knowing it has already gone up), or buy the thing doing badly (hoping mean reversion will work). So in the current situation, do you buy VAS (still down 28%), VGS (now down 12%), IOO (now only down 7%). I've chosen VDHG as it is somewhere inbetween.