if he is tax harvesting for FY 2021, it doesnt matter if you could get the hardware for half the price in 6 months
Well maybe maybe not.
Depending on
Country USA
State California
City Los Angeles
he could get a 40% tax break
so 1million stays mill and does not drop to 600k
but gear could drop 50% by June 1
So doing nothing could net him same amount of gear and 100k in his pocket.
If i was in his postion I would not move on the 1 million if I can not back it up in six months if we crash.
I more likely would do 600k or 700k and hold off on rest incase we crash.
But thats my style of play.
It is what I do to lower risk it lowers profits but it lowers losses so you middle a lot.