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For investors worldwide, 2025 was anything but boring: It was great for metals, surprisingly bad for crypto and particularly nice for stocks outside of the U.S.
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Gold and silver are on pace for their biggest yearly percentage gains since 1979.
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Some Warren Buffett wisdom on his last day leading Berkshire Hathaway AP NewsToday is Warren Buffett's last day as Berkshire CEO. Business leaders tell us what they learned from him CNNBe a good person and buy boring stocks: Wall Street reflects on Warren Buffett's wisdom Yahoo FinanceWarren Buffett retires as Berkshire Hathaway CEO NBC News
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China Factory Activity Grows, Ending Longest Slump on Record Bloomberg.comChina's factory activity snaps record slump on festive stockpiling ReutersChina manufacturing activity expands for the first time since March, beating expectations CNBCChina factory activity returns to growth after record contraction Financial Times
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Nike's stock surged Wednesday after CEO Elliott Hill disclosed open-market purchases — a week after Apple CEO and board member Tim Cook did the same.
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Valuation indicators now are extremely bearish for U.S. stocks. Non-U.S. stocks are a much better bet.
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China's factory activity snaps record slump on festive stockpiling ReutersChina Factory Activity Grows, Ending Longest Slump on Record Bloomberg.comChina manufacturing activity expands for the first time since March, beating expectations CNBCChina factory activity returns to growth after record contraction Financial Times
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Editor's note: This is part six of a seven-part series. It dives more deeply into the second strategy for defusing a retirement tax bomb, implementing asset location. If you missed the introductory article, you may find it helpful to start here.
Most investors have heard of asset allocation, but asset location is another story - and it could help investors with large tax-deferred savings reduce their tax bills in retirement.
SEE MORE When It Comes to Your RMDs, Be Very, Very Afraid!
Asset allocation refers to how a portfolio is allocated to various asset classes that have different historical investment returns and standard deviations. The simplest example is a stock-bond allocation, such as a 60% stock, 40% bond allocation, which is a common allocation for retirees. But there are dozens of more granular asset classes that can be managed as well, for example, U.S. large cap stocks or international small cap value stocks. Asset allocation is critical to effectively diversify your portfolio and reduce risk.
Asset location is different portfolio management strategy: one that few clients I meet have heard of. Few financial advisers implement it as well. Asset location seeks to minimize taxes by placing different asset classes in specific tax buckets (taxable, pre-tax, tax-free).
Putting Asset Location into Practice
In a nutshell, here's how asset location works:
Typically, you want to place investments with low expected returns, such as bonds, into tax-deferred accounts.Place investments with high expected returns, such as small value or emerging market st
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