From The Blog
Learn how Net Unrealized Appreciation (NUA) can reduce taxes on company stock in your 401(k), the rules you must follow, and when it may make sense.
Key Takeaway: A weak jobs report just took a September rate hike off the table, but the risk worth watching is not the Fed. It is the yen carry trade, a massive borrow-cheap-in-Japan, buy-US-stocks bet that has quietly propped up this market and could unwind fast if Japan moves. Here is what it is and why it matters to your portfolio. Two things landed this week that most headlines treated as unrelated. The jobs report came in ugly, and the Japanese yen sat near a 40-year low. On the show, Ron and I connected them, because together they point at a quiet risk that has been holding this market up, and one that most investors have never even heard of. Let me walk you through it.
The yen carry trade explained in plain English: what it is, why it can rattle U.S. stocks when it unwinds, and what long-term investors should actually do about it.
Key Takeaways: About 66% of large-cap US equity funds have trailed the S&P 500 over the last three years. On this week’s Cents of Things, I explain how I think about that as a portfolio manager: an index core, a disciplined sleeve of individual names, and cash ready for the days the market hands you a gift. I manage money for real families, so I look at a week like this one through a simple lens: what changes how I build and hold portfolios, and what is just noise. Here is how I read it.
Cents of Things Episode 152
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Jeff Kikel, ChFC, CRPC, ASBC
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