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Michael A. Gayed, industry influencer, draws attention to the use of a 351 exchange for clients holding significant NVDA positions who are concerned about tax implications.
He notes that many advisors stop when clients resist selling due to potential tax burdens, but a 351 exchange—being tax-deferred, ETF-based, and offering same-day liquidity—can offer an effective alternative.
Gayed has previously commented on market resilience, noting how JOJO endured a historic bear market for bonds. He has also tracked ETF activity, citing the Free Markets ETF (FMKT) closing at $21.63 after a 0.75% decline. These observations add to his recent focus on tax-efficient strategies for large equity positions.