Everyone talks about what to invest in.

But just as important is where you hold those investments.

That’s called asset location - and it can quietly add 1%–3% to your annual compounding rate.

Most people stop at the basic rule:

“Keep stocks in your taxable accounts and bonds in your retirement accounts.”

That’s a decent start - but we can do much better.

With tax-aware investing, you want to dedicate your taxable brokerage assets to the strategies that actually generate tax savings.

✅ Real estate → depreciation offsets passive income, 1031s defer gains

✅ Tax-aware equity portfolios → harvest losses to offset gains

✅ Tax-aware hedge funds → realize ordinary losses to offset earned income

Then, we place your highest-growth, long-term investments, like private equity or venture, in tax-sheltered accounts, so those future gains can compound tax-free.

The right mix of account type + investment type can do more for your net worth than chasing a few extra points of return.

Because it’s not about how much you make —

It’s about how much you keep.