You open a managed account at Schwab. Inside it, Brooklyn Investment Group (BKLN) builds a diversified portfolio of long and short positions around your existing holdings.
The portfolio holds more long exposure than short, keeping your net market exposure close to 100%. The structure creates two sources of harvestable losses: long positions that decline in value, and short positions that rise in value. As markets move, BKLN seeks to realize those losses deliberately and consistently.
The realized losses show up on your tax forms and may be applied against gains from selling stock, fund distributions, or other taxable events. Realization and usability depend on market movements, trading activity, and applicable tax rules.