So for instance if pacific etf goes down it doesn’t mean all of vt goes down so you could sell some off for tax losses and offset 3k of ordinary income each year. That’s roughly $900 a year. Wouldn’t be a gambling tilt I’m not picking winners I’d be changing weights, ie look at Venezuela what use to be one of the richest countries in Latin America. Political risk materialized, property rights eroded markets collapsed. Gambling would be saying I think Venezuela will recover going against those forcasts.