The chapter explores a listener's dilemma of selling Tesla and Jinko Solar stocks to rebalance their portfolio, focusing on the importance of tax-efficient decisions and considering different selling techniques like market orders and stop-loss orders. It delves into the speaker's perspective on selling stocks, discussing the impact of sunk losses, fundamental versus momentum-driven analysis, and the speculative nature of stock trading. Strategies for managing capital gains tax on stock sales, including FIFO, LIFO, and charitable donations, are also discussed, amid considerations of potential changes in capital gains tax rates.
#299: Chris bought Tesla a few years ago and Jinko Solar eight months ago. Both of these have gone up in value by a lot. What tax strategies can he use to sell these shares?
Holly and her three sisters stand to inherit two side-by-side duplexes. How can they structure the ownership of these properties in a fair way?
Eric feels hopeless about health insurance as a self-employed business owner. Are DPCs or healthshares the way to go?
Frank and his wife have a nine-year retirement plan that involves selling their home and moving to Costa Rica. How can they maximize their savings and existing investments to set themselves up for success?
My friend and former financial planner Joe Saul-Sehy joins me to answer these four questions on today’s episode. Enjoy!
For more information, visit the show notes at https://affordanything.com/episode299
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