Also in this playlist...
This transcript is automatically generated
-- meanwhile want to go back.
To bill bill this -- we're talking about how the super rich have been changing their best -- you another thing they're doing besides getting out -- hedge funds.
Is getting out of commodities like gold right.
Yes -- and once again it's an issue of concentration.
They're not abandoning gold but the making sure that they have don't have an over concentration.
And have a broad multi asset class geographically spread it diverse as an allegation.
Now of course when you make it when you have that much money -- and you're you're what are your primary concerns is the -- -- -- how much money they're gonna take from you.
What about tax referrals how -- they playing that bad.
Well I think it's this is this is an area where the rich tend to do much better -- affluent normal affluent investors.
Because they concentrate on this and particularly given the recent tax increases.
It's a very important thing to have pay attention to end at the end of the day it's not to -- -- -- you keep that counts.
So what are they doing well first of all.
They've got broad diversified portfolios with on on average.
More than -- hundred individual stocks more than two dozen mutual funds ATF's.
And so they've got lots of individual.
Positions that they can play with.
In order to get tax efficiency.
One of the obvious things to be there is tax loss harvesting so if you got a loss position -- it.
Recognize the tax loss for use against you gainers today.
That's one another really -- valuable things that.
Many of the rich do almost none of the affluent investors that I work with it and take advantage of is tax location.
If you look at the portfolio that a typical investor has if you look at their taxable.
And their tax deferred accounts they're pretty much similar.
Well that's wrong.
You should have the income generating assets in the tax deferred account.
And the -- in DM.
Capital G game generating assets.
In the taxable bill we're gonna have to leave it that because we have more breaking news on JC -- what those numbers mean but thank you very much for that information bill there is always great to see -- please come back.
You -- thanks a lot busy day.
Filter by section