he ended up selling the punk for 54.69 ETH (USD $195,132).-$511k but at least he successfully tax loss harvested the trade. https://t.co/jOQYDiwQU6Xeer (@Xeer):he bought his punk from @punksOTC 4 years ago for 149.95 ETH (USD $706,479). https://t.co/V1PlXwYkFJ ...

Welcome to Motley Fool Money. My name is Jon Quast. I'm joined today just by Matt Frankel, my colleague and contributor. Long time full contributor, and we are looking at several things today. We're looking at some stocks on our radar. We're going to talk some Tesla earnings, but first up, we're going to start hearing some of these calendar terms and investing in coming weeks and months. Matt and I just want to start to cut through some of the noise that you may start to hear, and there are just a lot of pe ...

Core Insights - The stock market is influenced by year-end tax loss harvesting and portfolio adjustments as the holiday season approaches [1][2] - Significant gains in the stock market have been driven by AI-related trades, with some investors considering profit-taking and tax strategies [2][6] Company Performance - Companies like Palantir (PLTR) and Robinhood (HOOD) have seen substantial year-to-date stock gains, while the worst performers in the S&P 500 are under scrutiny as investors look to mitigate losses [3][5] - The worst-performing stocks include names from various sectors such as consumer, industrial, and services, with examples like Lululemon (LULU), Dow (DOW), and Trade Desk (TTD) [5][6] Market Dynamics - The struggles of underperforming companies are attributed to execution issues, changes in customer demand, and cyclical factors rather than the rise of generative AI [6][7] - Despite the overall positive impact of AI on many companies, tax loss harvesting may increase selling pressure on underperformers, potentially exacerbating their declines [7][9]

Core Insights - The firm emphasizes the importance of net returns after fees, taxes, and inflation, managing most fixed-income and equity assets in-house to avoid high third-party management fees [1][4][19] Client Relationships - The firm has significant client relationships, with an average household investment between $15 million and $30 million, and a median net worth exceeding $25 million [2] - Clients are typically multi-generational families with complex financial situations requiring tailored advisory services [2][3] Investment Strategy - The firm manages approximately $2.3 billion in assets under management (AUM) and serves around 130 families, often managing multiple family units [3][4] - Fixed-income strategies are tailored to individual client tax situations, allowing for tax-loss harvesting and investment in both taxable and tax-free bonds [5][6][7] - In equity markets, the firm employs direct indexing and tax-loss harvesting without incurring additional fees, aiming to outperform benchmarks like the Russell 1000 or S&P 500 [8][9][10] Private Markets Investment - The firm invests in private markets across four main areas: private real estate, private debt, private equity, and infrastructure, with some clients allocating up to 50% of their portfolios to these assets [12][13][14] - The firm has adapted to the evolving private markets landscape, utilizing both drawdown funds and evergreen funds to provide clients with liquidity and access to diverse investment opportunities [11][15][16] Manager Selection - The firm prefers established asset managers for private market investments, focusing on long-term relationships and thorough due diligence processes [20][21] - For fixed-income and equity investments, the firm primarily manages assets in-house but may utilize third-party managers for specific niches like mid-cap, small-cap, and international markets [17][18] Portfolio Management - The firm has a seven-person investment committee that meets weekly to discuss market outlooks and client allocations, with monthly market reports and quarterly webinars to keep clients informed [22][23] - Rebalancing of portfolios is typically assessed quarterly but executed during periods of market volatility [24] Cryptocurrency Investments - The firm assists clients interested in cryptocurrencies, primarily through ETFs or closed-end funds, while acknowledging the evolving nature of the cryptocurrency market [25][26] International Market Exposure - The firm maintains a home country bias in international investments, typically allocating 15% to 20% of portfolios to international assets, with a focus on emerging markets and currency exposure [27][28] Cash Management - The firm generally holds minimal cash in managed accounts, typically between 1% and 3%, influenced by client preferences for opportunistic investments [29]

Core Insights - The article discusses the launch of Evergreen Wealth, a new wealth management firm that combines traditional fiduciary advice with an AI-driven advice engine to enhance financial decision-making for clients with significant assets [4][5][6]. Company Overview - Evergreen Wealth is founded by Bill Harris, a seasoned entrepreneur with a background in finance and technology, including previous roles at PayPal and Intuit [5][4]. - The firm employs a team of 50 professionals and targets clients with a minimum of $250,000 in investable assets, focusing on those with a net worth between $1 million and $10 million [3][4]. AI Integration - The company utilizes a proprietary AI advice engine that integrates investment, tax, and financial databases to create personalized and tax-optimized portfolios [3][6]. - AI is used extensively for portfolio management, allowing for automated decision-making and trade execution, which enhances efficiency and complexity management [6][10]. Investment Strategy - Evergreen Wealth prioritizes direct indexing over traditional ETF or mutual fund investments, allowing for greater customization and tax efficiency [9]. - The firm employs daily tax loss harvesting strategies, making over 100,000 buy-sell decisions for each client daily, which significantly enhances tax optimization [10]. Client Personalization - The firm emphasizes a high level of personalization in investment strategies, taking into account individual client preferences, risk appetites, and specific investment concerns [11]. - The approach includes considerations for ESG (Environmental, Social, and Governance) factors, allowing clients to align their investments with their values [11].

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

Wealthfront beats out Fidelity, Schwab and Vanguard when it comes to direct indexing and tax loss harvesting. https://t.co/mRmeE8WgRF https://t.co/TFbhnaigcQ ...