My Review of a $50M Portfolio
I recently reviewed a ~$50M portfolio generating roughly $2M/year of ordinary income from large allocations to private credit and money market funds. The owners also earn millions outside the portfolio,...
My Review of a $50M Portfolio
I recently reviewed a ~$50M portfolio generating roughly $2M/year of ordinary income from large allocations to private credit and money market funds. The owners also earn millions outside the portfolio,...
The Craziest Prenup Clauses
These are some of the wildest prenup clauses: •$10,000 if your spouse cancels date night• $5,000/year “enrichment fund” for the family French Bulldog• $2,500/month in dog support after divorce• $15,000...
The Craziest Prenup Clauses
These are some of the wildest prenup clauses: •$10,000 if your spouse cancels date night• $5,000/year “enrichment fund” for the family French Bulldog• $2,500/month in dog support after divorce• $15,000...
Why I’ll Never Own Municipal Bonds
This is why I’ll never hold muni bonds.The opportunity cost is just too high.Tax-aware real estate can produce higher after-tax cash flow than muni bonds while also giving the underlying...
Why I’ll Never Own Municipal Bonds
This is why I’ll never hold muni bonds.The opportunity cost is just too high.Tax-aware real estate can produce higher after-tax cash flow than muni bonds while also giving the underlying...
The Assets That Divide Families
There are 2 kinds of assets in every estate.Some divide in minutes. Others divide families.Collectables are some of the hardest assets to pass to the next generation.Paintings.Classic cars.Wine collections.Jewelry.Watches.Sports memorabilia.Furniture.These...
The Assets That Divide Families
There are 2 kinds of assets in every estate.Some divide in minutes. Others divide families.Collectables are some of the hardest assets to pass to the next generation.Paintings.Classic cars.Wine collections.Jewelry.Watches.Sports memorabilia.Furniture.These...
How to Shrink a Large IRA Tax Bill
How to reduce the multi-million-dollar tax bill from a large IRAI talk to people like this all the time:• California resident• $7M traditional IRA• Age 73If you simply take the...
How to Shrink a Large IRA Tax Bill
How to reduce the multi-million-dollar tax bill from a large IRAI talk to people like this all the time:• California resident• $7M traditional IRA• Age 73If you simply take the...
When the Kids Don’t Want to Be Landlords
Many wealthy families own commercial real estate that has appreciated tremendously over decades.But eventually, a difficult question comes up:Who is going to own and manage this next?The next generation often...
When the Kids Don’t Want to Be Landlords
Many wealthy families own commercial real estate that has appreciated tremendously over decades.But eventually, a difficult question comes up:Who is going to own and manage this next?The next generation often...