Tax-aware long/short... what if the long is an ETF?

A novel approach to the 130/30 is compelling, but has a few tradeoffs

Happy Easter, Passover, or simply good weather. Thanks for reading today.

I have a 6yo and a 2yo and we do crafts nearly every day. Hopefully it’s obvious, but this is a visual representation of a 130/30 SMA with an ETF for the long 130 position seeded in-kind via a Section 351 conversion. Honestly, that’s a mouthful. Keep reading and I’ll unpack it.

The …