Too Much Google, Tesla, Nvidia? | Wes Gray & Sri Narayan Explain a Smarter Way Out
Podcast: Excess ReturnsPublished On: Sat May 24 2025
Description: In this episode of Excess Returns, we dive deep into one of the most complex and pressing issues facing successful investors today: what to do with concentrated stock positions. Whether from employee stock compensation or a major investment win, holding too much of a single stock presents serious tax and diversification challenges. Our guests—Wes Gray of Alpha Architect, Sri Narayan of Cache Financial, and guest host Dave Nadig—break down the innovative solutions that are changing the game. From exchange funds to Section 351 conversions, this is a masterclass in modern wealth and risk management.Topics Covered:The problem with concentrated stock positions and why it’s getting worseHow stock-based compensation fuels investor overexposureWhy traditional exchange funds fall short—and how Cache is solving itUnderstanding Section 351 ETF conversions and tax-deferred diversificationThe mechanics behind Cache's NASDAQ 100 and S&P 500 strategiesHow exchange funds work: structure, lockups, and liquidityUsing ETFs to rebalance and solve diversification constraintsReal estate allocations and the 20% illiquid asset requirementCosts, fees, and transparency of the modern exchange fund modelRegulatory and legal perspectives behind the structurePractical advice for advisors and investors with low-basis positionsHow to access, evaluate, and engage with Cache and Alpha Architect solutions
The note was deleted
The note was saved
Your message was sent