Ultra‑rich Wealth Surge Fuels Market Resilience, Analysts Miss
WSJ: "There are about 430,000 U.S. households worth $30 million or more, according to an analysis of Federal Reserve data by Zidar. Within that, there are about 74,000 worth $100 million or more. Over the past few decades, the growth in the number of very rich households has surpassed general population growth." As I dissected in my February report on "Price Discovery" (https://t.co/kEx5Z4BJH7), market participants underestimate the contribution of wealth consolidation to equity market resilience. To quote the report: "As often as the “buy-the-dip” meme grabs headlines at times of market volatility, how ubiquitous the strategy has become remains impressive. According to an AllianceBernstein study of the COVID period, '71% of the weeks when the market was down, ETF flows were above average.' As eToro found in a 2025 survey: '70% of investors change their investment strategies when volatility increases. This behavior is particularly prominent among younger investors: Gen Z (91%), Millennials (87%), and Gen X (76%).' It also appears to be prominent amongst ultra-high-net-worth investors. As The Economist reported last year: 'According to Xavier Gabaix of Harvard and co-authors, affluent investors with less than $30 million typically take money out of stocks when markets fall. Those with over $30 million step in.' Wealth consolidation has undoubtedly increased the power of that predilection. As dip-buying has become more ubiquitous, the strategy has grown more successful. Looking at one-week forward returns after a single-day 2% sell-off, three of the four best years for dip-buying since 2008 have happened in the last seven years, with 2019, 2024, and 2025 seeing an average one-week return of 2.36%. Last year was particularly exceptional, ranking as the single best year for dip-buying since 1993, according to Bespoke Investment Group calculations. Morningstar offered even more context: 'Since its launch in 1957, the S&P 500 has always bounced back from bouts of turbulence, even if individual stocks aren't always so lucky. But lately, those recoveries have been happening more quickly. After a one-day drop of 2% or more in 2025, stocks have been higher one week later more than 85% of the time, Fundstrat data showed. Going back to 1950, the average hit rate on that is 58%.'" Learn more about Sage Road Research here: https://t.co/Wgwz2xnvR6. Interested in subscribing? Message me. WSJ link: https://t.co/yjwACHr1UA
Dynasty Teams with Ester for AI‑Powered Estate Tax Insights
Dynasty Embeds https://t.co/33aR1yzWFH's Ester to Deliver AI Estate and Tax Intelligence to Advisors First external partner contributing dedicated agent to Dynasty's AI suite. Ester analyzes estate plans, accounts, documents, notes, emails, CRM data → generates tax + trust insights for advisors....
AI Tools Can Streamline Your Retirement Planning
Want to use #AI to plan your retirement? Here’s how to proceed by Betsy Vereckey @MITSloan Learn more: https://t.co/950iah57tk #ArtificialIntelligence #MachineLearning #ML https://t.co/NGJF9uqj4l
Five Tax‑Smart Accounts to Grow Your Child’s Wealth
5 ways to build wealth for your kid: 1. 529 plan. Get tax deduction for contributing in many states. Grows tax free and withdrawals are tax free for education. 2. UTMA account. Taxable account that child owns. Reduces financial aid. 3. Trump account....
Retiring at 55 Requires More Than $1M Savings
45 year old (+wife & 2 kids) has $1 million saved Spends $12k/month Saves $130k/year Wants to retire at age 55 b/c he hates his job Can he retire early? How much does he need? https://t.co/18Hm2FUrJG https://t.co/GEsbZqyuqw
Investing Made Fun: A Must-Read for All Levels
Been reading my early copy of @awealthofcs’s new book. Ben’s got a gift for taking important but often dry investing lessons and making them accessible and entertaining. Great for novice investors looking to avoid mistakes as well as experienced investors...
Pre‑tax Contributions Still Win Despite Future Tax Hikes
While the idea that we currently live in an anomalously low-tax environment that will inevitably reverse course has its appeal, basing one's tax planning decisions around that assumption is still risky. Because even if taxes do creep up nationally, individuals...
Balanced 25/25/25/25 Portfolio Yields 26% YTD
BofA Hartnett: “sleep like a baby” 25/25/25/25 stock/bonds/cash/commodity portfolio tracking 26% YTD, best year since ‘33 https://t.co/NCGhsf54CS
25% All‑
BofA on Asset Allocation: - The “sleep like a baby” portfolio (25% Stocks/Bonds/Commodities/Cash) is having the best year since *1933*. - Up 26% YTD, its third-best outperformance versus 60/40 (Stocks/Bonds) in a *century*. - Commodities have shined, despite remaining a significant underweight in...
Advisers Add Value by Preventing Costly Mistakes
Where advisers really add value Good advice is about avoiding costly mistakes, not picking winners. #FinancialPlanning #InvestorBehaviour https://t.co/LQ2FOLhpBT
Balance Growth Stories with Survival Fundamentals Across Markets
In bull markets investors focus on the story and growth. In bear markets investors focus on the balance sheet and survival. The key is focusing on all these things.
Ultra‑Wealthy Use Debt and Timing to Slash Taxes
"Tax deferred is tax reduced" Today, we’re looking at the tax secrets of the ultra-wealthy > Why they borrow instead of sell > How jurisdiction becomes a strategy > The steps at death that can reset a lifetime of gains > Why losses are assets >...
High‑volatility, Uncorrelated Assets Boost Capital Efficiency
Most allocators miss this, because it’s counterintuitive, but a high volatility uncorrelated asset is more useful than a low vol one because it is more capital efficient (assuming expected returns are positive). So yes, this return stream could be useful in...
Simplify to $100k: One Account, No Credit
Money advice I wish someone gave me at 22: Set a goal to stack $100k cash Until you have $100k cash, you are broke. The mainstream media will not tell you this because they want to keep you that way. Luckily, you have a...
Stay Calm: Habits of Top Investors in Volatile Markets
The best investors stay calm when markets are volatile, and these financial habits can help you stay the course. https://t.co/hO1oDA3Gyi
Consensus Succeeds if Fundamentals Stay Steady; Contrarian Needs 5% Shift
Consensus stock bets can work as long as the business trajectory doesn't deteriorate. Contrarian stock bets can work with only a 5% shift by others to your point of view.
Crypto Needs Trusts and Insurance Like Traditional Assets
For traditional assets, family offices have structures in place. For crypto, most people hold it in their personal name because their advisor passed. That is the gap. Wyoming dynasty trusts and asset protection trusts handle succession. Charitable remainder trusts remove...
Know When Backdoor Roth Is Worth the Tax Risk
When Is The Backdoor Roth Even Worth Doing? While backdoor Roth conversions can be a valuable strategy, it comes with significant rules and nuances that, if not fully understood, have the potential to cause onerous tax complications for clients in...
Worst Bond Cycle Makes Credit Rotation Essential
Every portfolio manager has a fund they believe in more than the market does. For me, that's $JOJO. The worst bond cycle in a generation is exactly why credit rotation matters. https://t.co/5FJoUQuUwE
Financial Planning: Lifelong Journey Through Three Core Questions
Financial planning isn’t a one-time event. It’s a lifelong process. And it keeps coming back to three questions: …Where are you today? …Where do you want to go? …How will you get there? My new book, Your Money, is just a collection of ways...
Legally Exploit Tax Code to Minimize Your Taxes
You get taxed on your income... To then get taxed on your home... To then get taxed when you buy... And when you invest your money... You get taxed when you profit. Here's how to LEGALLY use the tax code to pay as little as...
Valuation at Heart of Hedge Fund Tax Petition
Hedge Fund Head Petitions IRS on Charitable Contributions. If a "timely contemporaneous written acknowledgment and the qualified appraisal appropriately applied discounts... the central issue is likely to be valuation.” Great @TaxNotes A.J. Collins article https://t.co/s8CLOi8syQ
Buy‑and‑hold Global Index Outperforms Most Strategies over Life
When it's all said and done - if we're being totally honest - by the time one reaches a ripe old age, most stock investors will earn more money in a buy-and-hold total global equity index portfolio than doing anything...
JOJO Leverages Utilities Signals for Credit Rotation
Advisors looking for differentiation in fixed income: $JOJO uses utilities sector signals to rotate between risk-on and risk-off credit. Systematic, transparent, and timely. https://t.co/vNSFE0Fce0
Bitcoin Sharpe Ratio Signals Generational Buying Opportunity
#Bitcoin is a generational opportunity, right now. The Bitcoin Sharpe Ratio has hit a level that's comparable to any broad market bottom. This early in 2026. If you flip that measure, it's actually the best time to be investing in the...
Reevaluate Roth vs Traditional 401(k) After Income Shifts
You need to adjust Roth vs Traditional 401k based on life changes. Say you were doing Roth, but your company promoted you fast, or your spouse started a job, or you got a side hustle. You should adjust and analyze Roth vs...
Liquidity Is Non‑negotiable: Invest Disciplined, Accessible Capital
I build portfolios to survive and perform. Liquidity matters—always. Yes, I invest in alternatives, but I stay disciplined. If you can’t access your capital, you don’t control it. That’s unacceptable. https://t.co/YL3DMaecHz
Alliance
A 33-year-old global high-yield fund. 8% NAV discount — near the widest since 2022. 7.5% yield collected while you wait for the discount to compress. Is AllianceBernstein's AWF the unloved global income play right now? https://t.co/5wNRfc4Lcg
Time Multiplies Investments: $10k Grows to $3.3M in 50 Years
If you invested $10,000 in the U.S. stock market 10 years ago you would have $37,595 today. The same investment made 50 years ago would be worth over $3.3 million. The magic of compounding, in one chart… https://t.co/xsMqEDHpje
AI Adoption S‑Curve Beats Bubble Narrative
AI "bubble"? Think again. AI stocks are likely to benefit from this S-Curve adoption and our portfolio owns many of these businesses https://t.co/9W3aDdLK3Q https://t.co/UV9KJoT8SH
Art Evolves Into Strategic Asset for Asia’s Elite
🌏Art shifts from passion project to strategic asset for #Asia's wealthiest: As #art becomes more embedded in investment portfolios, advisers are drawing clearer lines between short-term pricing momentum and long-term structural value. @AIWealth_net: https://t.co/ZOdKzYaAvF #SoutheastAsia #WealthManagement
Mark Hu's Model: Analysts Build, He Decides, Accountability Ensues
I really like Mark Hu's approach... each analyst running his own model portfolio, and him making the investment decisions. Full accountability. As is appropriate.
Ultra‑wealthy Families Reshape Risk Strategies Amid Climate Uncertainty
How are ultra-wealthy families rethinking risk in the age of climate uncertainty? To find out, I interviewed Donald Poster, the National Family Office Leader for Aon Private Risk Management, for @CrainCurrency. Article link in the comments https://t.co/kelse1ios9
Employer‑Paid Education Benefits Up to $5,250 Tax‑Free
Hidden tax perk -> Employers can pay up to $5,250/year toward: 🎓 Tuition 📚 Education expenses 💸 Student loans And it’s tax-free. No income tax. No payroll tax. Worth checking if your employer offers it. https://t.co/0QyFOcW3cM #TaxTips #StudentLoans
Stick to Bitcoin, Ethereum; Top Assets Drive Returns
All you need to own is Bitcoin and Ethereum, and you own 97% of the volatility of all the other poo-poo coins. So what's happened to the poo-poos is they collapsed last October, and all of them, thousands of them,...
Tax Planning vs Compliance: Different Services, Different Costs
Tax Planning and tax compliance are not the same service and are not the same price. Compliance is tax history required by the IRS to be reported each year. Tax planning lowers the tax over the course of your life.
Momentum Shines, but Collapses During Market Reversals
Momentum investing works — until it catastrophically doesn't. 2009: factor crashed ~80% in weeks as beaten-down assets snapped back. 2020: COVID reshuffled winners overnight. The strategy that excels in trends fails hardest in reversals. Know your failure mode. $MTUM https://t.co/i22r0zoGHl
Build Wealth: Cut Costs, Max Match, Invest Consistently
How to get to the 1% financially: > analyze expenses and cut useless junk > contribute to 401k up to the match > pay off any high interest debt (7%+) > max out Roth IRA > buy low fee, quality ETFs > scale investments to...
Muni Bonds: Underrated Gem for Savvy Investors
Muni bonds don't get discussed all that often, but for the right investor, they make a ton of sense. Great look at it all from @gilbert3142 on our team. https://t.co/3RC2usnSOx
UK's Cheapest Global ETF: 3,300 Stocks, 0.07% Fee
The cheapest global ETF for UK investors... It’s not a Vanguard one ❌ And it includes 3,300+ stocks for a 0.07% fee ✅ More info in this video👇 Cheapest Global ETF (For UK Investors) https://youtu.be/E5nuF3_EL7M
Patience Beats AI Switching: Discipline Wins Long-Term Returns
💡 The core principle of mutual funds is simple: Buy at lower valuations Acumulate more units Stay invested through cycles. There is **no fund that stays on top forever.** Performance rotates. Patience wins. ⚠️ Constant AI-driven switching can break the very logic of long-term wealth...
Sell Choice Matters as Much as Asset Selection in Rebalancing
When it's time to rebalance, where you sell matters just as much as what you sell. https://t.co/WhFKGHqYb3
Deferred Income Can Still Be Taxed by Original State
Like many rules, there's an exception: When a person working in one state defers some of their income, then moves to a different state (where they ultimately receive the income), that income can in certain cases be taxed by the first state...
Multiple Income Streams Unlock Doctors' Financial Freedom
The 'Broke Doctor' Portfolio: 📉 One salary 📉 A car loan 📉 A rented clinic 📉 Zero real assets The 'Wealthy Doctor' Portfolio: 🚀 Multiple income streams 🚀 A powerful personal brand 🚀 Equity in 3 startups 🚀 Digital products selling 24/7 One is survival. The other is freedom.
Direct Indexing Solves My Personal Planning Challenges
Of course direct indexing is not for everybody. But here's the problem it solves for me and my personal planning:
Avoid High‑Cost Small‑Cap Funds Lagging 60% Behind
Cleaning up the portfolio of a family friend I helped leave an asshat advisor at a large bank & I was especially grossed out by a position in this Kaufman Small Cap Fund that is underperforming $IWM by 60% over...
High‑Quality Bonds: Simple, Reliable Diversifier for Equities
They're not foolproof (see: 2022), but high-quality bonds have been darn reliable diversifiers for equity exposure. Just add a bit of cash and you should be good to go. Sometimes the best answers really are the simplest ones. https://t.co/Eh3bgvN2Uz
Warren Buffett’s Sell Signals Predict Underperformance
With Fundamental Edge instructors Paul Johnson & Andrew Carr, we run the Applied Value Investing Certificate for Wall Street Prep (I don't consider myself a classic Value Investor by training, so Paul carriers the heavy lifting on Value Investing). On Friday...
Investors Pay Lower Taxes Than Wage Earners
The tax code loves investors. If you work a W-2 job, the max federal tax rate you can pay is 37%. But qualified dividends or long term capital gains are taxed at up to 23.8%. Real estate investors also enjoy tax arbitrage...
Relentless Habits Turn You Into a Millionaire
Build the right habits and WEALTH is inevitable. The right habits: - Self-educating relentlessly - Tracking your money relentlessly - Proactively growing income relentlessly - Paying off all high interest debt relentlessly - Investing in index funds every week relentlessly Do this...