2/3 of the time a concentrated stock would have underperformed the Russell 3000
1980 - 2020 JPM analysis of Russell 3000 stocks
Later today, Andre and I will talk about de-risking chunky stock positions.
Join us on LinkedIn Live (it’s like watching TV, no registration required).
We’ll take a look at…
Staged selling using optimal tax lot selection
Tax-loss harvesting (including tax-aware long/short)
Section 351 partial diversification
Exchange funds
Charitable remainder unitrusts
I made this graphic based on Antti’s paper and recently found some corroborating evidence…
JPM’s 2021 Agony/Ecstasy piece
But I actually prefer their 2014 visual
Take a deep breath
Sign of bubble: Divine benevolence
Pet rock
