Michael Allison CFA, CFP®

Strategist, Portfolio Manager at Investment Research Partners, LLC

[Eric Balchunas @EricBalchunas]

Passive S&P 500 funds could have to buy roughly 19% of public SpaceX shares within 6mo under fast-tracking framework (it would enter the index at the est 6th spot), Russell 1000 and Nasdaq 100 may buy another 5.5% within weeks of the IPO. Thrown in active MFs benchmarked to those indices and you get to HALF of SpaceX shares. Nice study from my colleague @rduboff

[Charlie Bilello @charliebilello]

The 16% gain in the S&P 500 over the last 6 weeks is the 11th biggest 6-week gain for the index since 1950.

What's unique about this rally?

It's the only example in the top 20 that did not occur either during a bear market or soon after a bear market low.

[Max Mona 🇺🇸 @MaximilianMona]

https://t.co/hkkL890sET

[Brent Sullivan @TaxAlphaInsider]

Let's get back to basics.

If anyone needs a reminder, the whole Chamath you're welcome for the capital losses "rage bait" thing revealed what people actually care about... pretax investment performance, risk management, etc.

By all means, harvest losses and take advantage of tax-optionality and planning, but don't let tax distract from the whole reason for investing in the first place.

[Brent Sullivan @TaxAlphaInsider]

Introducing https://t.co/OG32ejASaG (yep, that's the domain), a database of ETFs seeded in-kind via Section 351 by individuals.

I estimate $12.8 billion of launch AUM going back to 2022 raised across 59 funds.

I also aggregate cost basis data where available, showing that these funds were roughly half embedded capital gains.

This whole project emerged from my (with @elhroz ) paper "Managing Concentrated Public Stock Positions by Seeding an Exchange-Traded Fund."

Elie and I included a database of ETFs in the back, but then folks started sharing more funds.

If you are interested in ETFs coming down the conveyor belt, I’d suggest taking a look at @ExchangiFi. Matthew Bucklin is on top of the latest, whereas my process is a bit slower and backward-looking.

I would like to thank several sources who wished to stay off the record for this analysis and to again thank Elie Rozner for his fantastic work on all elements of the paper.

Check it out... especially the holdings evolution feature.

[boaz weinstein @boazweinstein]

Chuck Norris didn’t die. Death offered liquidity, then realized it was an interval fund and gated him. So Chuck gated Death instead and went straight to heaven.

[The White House @WhiteHouse]

AMERICA WINS GOLD!!! 🥇🇺🇸

[Financelot @FinanceLancelot]

I was shocked to hear the new Federal Reserve chairman Kevin Warsh talk about the 45 year cycle yesterday.

I was also shocked to hear him admit that we're entering a new economic system, saying "This is our Reagan moment."

They never admit stuff like this unless it's underway.

[Michael Allison CFA, CFP® @ThatMikeAllison]

@elonmusknews30 👋 Hi!

[Michael Allison CFA, CFP® @ThatMikeAllison]

@historyrock_ @grok when and where was this performance?

[Peter Mallouk @PeterMallouk]

If you want to win big, focus on the long run.

[Michael Allison CFA, CFP® @ThatMikeAllison]

Check out my latest article: U.S. Equities as a Share of Global Market Capitalization https://t.co/Pt80RDFExo via @LinkedIn

[Meb Faber @MebFaber]

Chances are that stock you own is going to go down 50% at some point in the next five years.

via @MorganStanley ht @TaxAlphaInsider

[Meb Faber @MebFaber]

International investors after outperforming for one quarter after fifteen years of underperformance.

[Michael Allison CFA, CFP® @ThatMikeAllison]

Check out my latest article: Volatility as a Diversifying Asset Class https://t.co/n80fu37c5F via @LinkedIn

[Jared Dillian @dailydirtnap]

For the millionth time: the tariffs are deflationary.

[Max Anderson @MaxAnderson]

The only chart you need to understand macro economics and personal finance for the next 30 yrs 👇

[Michael Allison CFA, CFP® @ThatMikeAllison]

The Sunday Drive - 12/29/2024 Edition [#143], by @ThatMikeAllison https://t.co/gOPbZPnKup