Long-Short Tax Loss Harvesting: There Is No Free Lunch
The Strategy Really Is Deferring Gains: While the coverage emphasized tax-loss harvesting, this is fundamentally a tax-deferral strategy. Functionally, AQR adds leverage to a client portfolio by shorting securities. Shorting means borrowing shares and selling them, with the obligation to buy them back later – profitably if the price falls, at a loss if it rises.
Why Your Adviser Doesn’t Offer Venture Capital – And Solutions on the Horizon
Venture capital has produced some of the most spectacular returns in modern investing, and clients know it. Yet ask most wealth managers – from the largest investment banks to boutique RIAs – whether they can get you that top-tier venture fund, and the answer is usually some version of “we don’t really do that.”
A Common Client Mistake – Not Realizing the Importance of Your Custodian
The custodian plays a critical role in asset safekeeping, transaction processing, investment access, and the overall cost and efficiency of the client’s financial relationship. Most importantly, the custodian holds and safeguards a client’s cash and securities, settles trades, processes deposits, withdrawals, wires, dividends, and interest, and maintains account and cost-basis records.
Four Common Mistakes High-Net-Worth Families Make When Choosing a Financial Advisor
A practical framework for evaluating fit, capabilities, costs, conflicts, and continuity: After years of managing wealth for high-net-worth families, I have seen the same pattern repeatedly: clients come to me only after a frustrating experience with their prior advisor.
Why Has Investing in the Oil and Gas Producers Been Such a Disappointment During the US-Iran Conflict?
Investing in US oil and gas producers should have been a home run investment during the US-Iran conflict. Instead, it has been a total disappointment. Rationally, this makes no sense. Quite literally, roughly 20% of the global oil production went offline for roughly 3 months due to the blockage of the Straits of Hormuz.