Antoine Lena

Portfolio Manager | 25CP

[Invest Like the Best @InvestLikeBest]

Claude is Walter Cronkite for the stock market.

@mjmauboussin talks about how a breakdown in diversity leads to bubbles and crashes. Gavin thinks Claude might be causing that right now.

”Everyone I know in the public equity investment business, whether retail or institutional, everything immediately, every piece of news gets fed into Claude—Claude, Claude code, sometimes a Claude agent.

Claude is probabilistic. There's probably not that much variation in the way it's interpreting this news.

People talk about the fragmentation of media and how it used to be like Walter Cronkite was the only voice of truth, and now we don't have that anymore.

It's like Claude is Walter Cronkite for the stock market, and everybody just believes whatever it says.”

[Casey Jacobson @401Casey]

Thrilled to be published in 401k Specialist this morning talking about advisor managed 401k accounts

https://t.co/0UIbh6bebS

[Thomas Kopelman 💵 @TKopelman]

Business owners have so much room for great tax planning

Yet most DIY and leave a ton of tax savings on the table

Here are 16 of my favorite tools

1. S Corp
- reducing self employment tax
- utilizing PTET
- maxing out QBID

2. Solo 401k
- maxing this out pretax at $72k
- needing less wages or profit than SEP IRA due to employee side
- less QBID reduction since employee side exists
- employing spouse and adding them
- mega backdoor Roth ability
- does not impact pro rata rule
- Mega backdoor can go to Roth IRA and add more liquidity

3. PTET
- paying state taxes through the business which is huge for owners in high tax states

4. QBID optimization
- 20% of profits for lower income folks
- 20% of profits or 50% of wages, whichever is less for high earners (unless SSTB and then you get no deduction)
- Needs to be maximized yearly at looked at. Some have no wages and get 0 deduction

5. C Corp
- So impactful for my QSBS eligible businesses. Can now get $15mil excluded and expand that 2-5x through trusts
- also great for those that plan to keep all money in the business and reinvest as there is less of a tax drag

6. Cash balance plan
- Great way to defer even more per year and then roll to an Ira and convert to Roth in early retirement

7. 401(k) profit share
- allows you to add more to 401(k)s and get to that $72k max
- less employees you have and more wages to yourself, makes it the best

8. Roth conversions
- defer at top brackets, convert through low
- allows you to lower your effective lifetime tax rate

9. Backdoor Roth IRA and mega backdoor Roth 401k
- can max all pretax accounts first then stack tax free dollars above that

10. R&D credits
- can offset a lot of tax for the dollars put into research

11. Maximizing charitable giving
- DAFs
- CRTS
- all about lumping giving into your highest earning years and donating before a sale to avoid the capital gains tax too

12. Real estate
- Owning the real estate your business operates in. This allows you to take those losses and use them to offset business income based on how much of the building your business uses
- ST rental
- REPS from spouse
- can use cost seg to accelerate losses and use that to offset income in your highest tax years

13. HSA
- Goes in pre-tax, invested tax free, used tax free
- most use like an FSA vs the most efficient retirement account

14. Direct Indexing
- Great tool to use in taxable account to plan for future sale
- can supercharge with long short

15. Bonus Depreciation
- Great tool for buying equipment, vehicles, etc. your company needs. Can lease and still depreciate and have a lot of tax savings in year 1

16. 529
- can superfund and cover college when young and avoid all the capital gains taxes

These are all things we proactively help our clients on.

You need a team doing this type of planning for you

[Antoine Lena @AntoineLENA]

The Mathematical Reason Most People Never "Make It" https://t.co/VQ6K5BprKo

@25cappartners

[Casey Jacobson @401Casey]

Today the DOL has officially opened the door to Alts inside of the 401k

[Evan @StockMKTNewz]

Peter Lynch talking about pullbacks in the Stock Market

[Antoine Lena @AntoineLENA]

We're entering a transformative tech era that will revolutionize our lives. While AI isn't a world-saving solution, it's a powerful tool for the curious, enabling society to achieve unprecedented optimization. Marc Andreessen has valuable insights. https://t.co/ukDbTl2nVD

[Mark Newton CMT @MarkNewtonCMT]

$AAPL pullback certainly weighed on Markets today #IBDPartner Yet Death Crosses don't always imply Death- $143.26 is a big level for AAPL, & this likely holds next week while AAPL pushes back to 156- While Down.(trending) AAPL is by no means Out ! @MarketSmith @IBDinvestors

[David Rosenberg @EconguyRosie]

The Citigroup “economic surprise” index has rolled over hard to its lowest level since last October. The Atlanta Fed has cut its Q2 GDP forecast to 1.8% stall-speed from 2.4% last week. Inventory drawdown coming in retail and housing. The road to recession is getting shorter.

[David Rosenberg @EconguyRosie]

We did the work on this last month and 100% correct… it wasn’t just March 2020, January 2019, and March 2009… Bear markets only end after the Fed floods the market with liquidity. That’s some time away, indeed.

[David Rosenberg @EconguyRosie]

For the first time on record, the Fed is embarking on its first tightening campaign with the Dow, SPX, Nasdaq and Russell 2000 all trading below their 200-day trendlines. And the rates cycle hasn't even started yet. Good luck to long-only equity investors.

#RosenbergResearch

[Mark Newton CMT @MarkNewtonCMT]

$VRTX Vertex Pharmaceuticals has maintained a 17yr uptrend which just recently held for the fourth time late in 2021 before turning up sharply again in Dec'21 #IBDPartner Recent $20 drop should present a buying oppty but not yet complete @MarketSmith @IBDinvestors

[Market Rebellion @MarketRebels]

$AFRM accidentally tweeted their earnings results early

[Antoine Lena @AntoineLENA]

$AFRM released earnings early… strong user growth but very disappointing guidance. It’ll be interesting to see what the market makes of the partnership with $AMZN. Looking forward to the earnings call.

[Antoine Lena @AntoineLENA]

$MGA reporting tomorrow. It’ll be worth watching the effect of the supply chain constraints and higher materials prices. The stock still does look like a bargain at these prices. 12x P/E, 2.1% dividend yield and turning RSI. Isn’t that the trend?

[Antoine Lena @AntoineLENA]

$TWLO reported really good earnings, along with $UBER it looks like it could send the Nasdaq back to 14700… right when the 50 and 200 day moving averages are about to meet each other… that could be some resistance. Looking for some hedge around these levels.

[Antoine Lena @AntoineLENA]

Tesla devient la première capitalisation boursière de l'automobile : https://t.co/wXk4mRs7Pl via @LesEchos

[Jim Cramer @jimcramer]

Panic...is not a strategy...