Less rebalancing, less tax?
Does asset allocation really matter?
🎉 Basis Northwest is my 2026 taxable wealth conference. Check out the landing page to learn more about attending, sponsoring, or speaking.
What I’m reading…
K&L Gates: Domicile and Residency (the tax implications of moving from WA)
Alliance Bernstein: Margin Loans Can Help Keep Concentrated Stock Positions—but Know the Risks
The Tax Adviser: A Walk Through the Step Transaction Doctrine
Meb Faber: Your Asset Allocation Doesn’t Really Matter…
The Economist: Introducing the 25/25/25/25 portfolio
Anderson, H., Marshall, B., & Miao, J. (2014). The Permanent Portfolio
I’m pleased to see NB mention §351 conversion as a possible concentrated stock solution, though this needs to be treated very delicately.
If you need to get up to speed, my illustrated book on §351 conversion could help.
Buy a copy…. (I only have 2 left…)
Here’s how it works…
