February Featured Articles on Bitcoin, Tax-Loss Harvesting & More
During February, Advisor Perspectives featured a number of quality articles on topics near and dear to the advisory community. The top 10 list from the month includes everything from eye-opening analysis of the cryptocurrency space to a meditation on why investors should cut loose – in moderation – in retirement.
That said, the most-read article was “Here We Go Again: Merton Share and Why I Don’t Use Retirement Calculators,” written by Efficient Frontier Advisors’ William Bernstein. In it, the author digs into the problems with models and retirement calculators.
Allan Roth’s “Examining Vanguard’s Forecasted Returns for the Decade Ahead” claimed the No. 2 spot. Vanguard’s projections for the next 10 years paint an uninspiring picture for the U.S. equity market and for growth stocks in particular, but was bullish on international equities and commodities. Roth, the founder of Wealth Logic, offers his own take on the report.
Two articles by Michael Lebowitz of RIA Advisors – both focusing on cryptocurrency – rank Nos. 3 and 4. “Why Bitcoin Will Not Replace the Dollar” puts the utility and impact of bitcoin into perspective and explains why the cryptocurrency does not meet the definition of lawful money. Meanwhile, the article forebodingly titled “Meme Coins Do Not Create Wealth, They Destroy It” offers a thorough takedown of the meme coin concept.
The fifth-most-read article last month is “Putting ‘Fixed Income’ Back Into Fixed Income: Cash-Flow-Matched Bond Strategies for Retirees,” by Massimo Young of Insight Investment. The piece’s author explores how retirees could benefit from adopting a cash-flow-matching strategy using a bond ladder – a strategy that institutional investors often implement.
Elm Wealth’s Victor Haghani and James White wrote “Out of the Frying Pan and Into the Fire: Selling a Highly Appreciated Stock Without Paying Taxes?” which falls into the No. 6 ranking for February. In it, the authors dissect leveraged direct-index tax-loss harvesting, ultimately suggesting a much simpler strategy to use instead.
