Miriam Gottfried

speaker

638 appearances 7 recordings 1 series first heard Jul 2026 last heard 20 Sep

Miriam Gottfried’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 7 in all, peaking in Aug 2026 with 4.

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WSJ's Take On the Week · How This $150B+ Wall Street Strategy Could Lower Your Taxes · 19 Jul 2026 podcast

But what would you say is kind of the rationale for doing it versus not doing it?

Because they have this concentrated position that they need to sell down over time.

You probably talk to these people all the time.

I also wanted to point out this reader that emailed me after my story came out.

Like, there is some degree of, like, misunderstanding about how the strategies work because this reader was saying that he had, you know, concentrated positions in NVIDIA and Apple.

So on paper, he was the perfect candidate to do this strategy.

And he got into one of the strategies, and he was actually able to sell down those positions, offset his –

capital gains which was you know a win but then he looked at his statements and saw this volatile movement that you described and he was like oh crap i gotta get out of this and then he sold and then he had to pay taxes so that's not really an ideal outcome right yeah it'd be i mean this is a a a hand wavy you know analogy but like if you buy an index fund and you're just like oh look the market is off 15 i gotta get out of this index fund and it's like um

But the volatility is greater because of the leverage.

So you mean like go to sleep, wake up and be like, oh.

look, I have pre-tax alpha.

We're going to take a quick break.

And when we come back, we'll have more on tax-aware investing with Brent Sullivan.

you know complicated long-short strategies just just like you're saying like do do a little bit of cleanup and make sure that you've got the right assets in the right place well I wanted to add a very important piece of context which is in order to do these long short strategies you need to have a wealth advisor so I know many of our listeners are self-directed investors this is not the strategy for you because you can't you really can't do it without an advisor and I know some people might say why not but Brent you probably have a view on this why do you need an advisor

If you're doing these self-directed versions.

You can't go wrong following that advice.

But I do think that, you know, this is a podcast for investors and all of us are investors.

We're thinking about investing.

I think that people should really be thinking more about taxes.

The smartest people who I talk to, including Brent, are all thinking a lot about taxes.

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