Wes Gray: Optimizing for After-Tax Returns

Описание: Tax Efficiency Strategies with Alpha Architect's Wes Gray

In this episode, we welcome Wes Gray, founder and CEO of Alpha Architects, who delves into advanced tax efficiency strategies for investors with both diversified and concentrated portfolios. Gray offers insights into Section 351 contributions, exchange funds, market-neutral tax loss harvesting, and the utility of box spreads to maximize after-tax returns. With a backdrop discussion about market trends and capital formation, Gray also touches on efficient collateral use and the intricacies of tax structuring in various financial products. This conversation is a goldmine for understanding how to reduce tax liabilities while maintaining portfolio growth, complete with examples and practical advice.

00:00 Introduction to Tax Efficient Strategies
00:43 Catch Up with Wes Gray
01:35 Wes Gray's Background and Business Ventures
02:32 Living a Balanced Life in the Caribbean
03:44 Focus on Tax Optimization
08:05 Understanding Section 351
17:34 Exchange Funds and Market Neutral Strategies
28:30 Mechanics of Tax Assets and Market Neutral Strategies
33:09 Navigating Sector Rotations and Volatility
34:11 Short-Term vs Long-Term Capital Gains
34:51 Simulating Tax Outcomes
36:06 The Inevitability of Taxes
36:22 Strategies for Managing Tax Liabilities
40:10 Borrowing Against Stock Positions
40:56 Tax Efficiency in Investment Strategies
43:21 Overlay Strategies and Tax Alpha
53:29 Challenges in Market Neutral Strategies
55:01 Exploring Box Spreads and Tax Efficiency
01:01:03 Concluding Thoughts and Future Plans

This is "ReSolve's Riffs" – published on YouTube Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick, and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.
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