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For the investors who like the tax benefits of Section 1031 (aka “Like-Kind”) Exchanges, they should consider a new option for sheltering real estate capital gains: Qualified Opportunity Zone Funds (QOZF). These funds have arisen as a result of the Tax Cuts and Jobs Act of 2017, which designated Qualified Opportunity Zones to promote investment in economically distressed areas. While 1031s remain a useful tool, QOZFs have many tax and other advantages compared with 1031s.

At a Daily Journal annual meeting in Los Angeles earlier this year, Charlie Munger – the 91-yearold Vice Chairman of Berkshire Hathaway – shared his opinion on the investment landscape when asked about negative interest rates in Europe and persistently low rates in the United States:

The innovation economy continues its record-breaking performance despite ongoing challenges posed by the COVID-19 pandemic. Venture fundraising, investment, and exits are all on pace to shatter last year’s records. Fundraising continues to tick up, buoyed by mega funds that are coming back to market quicker than ever. While the tech economy moves toward normalizing, valuations and multiples have reached new heights. It’s full steam ahead as the venture ecosystem remains vibrant.

Drivers of the deal flow—from exits to succession planning to anticipated capital gains tax increases—are higher across the board, signaling a voracity for deals. At the same time, fund managers are moving faster to deal close but are seeing more risk exposure uncovered during due diligence, a major challenge to getting deals done. This Private Capital Pulse Survey examines the trends that 200 middle private market equity fund managers are seeing and the tactics they are deploying throughout the deal cycle.

If you’re not sure what direct indexing means, you’re not alone. While the name may be new, the strategy isn’t. Get a quick primer on how this method of investing works, what its advantages are, and which types of investors may see the greatest benefit.

Just as online shopping gives consumers access to the best Black Friday deals without the need to awaken before dawn, systematic tax-loss harvesting enables investors to realize the best opportunities to harvest losses throughout the year without concern that thin, end-of-year markets will impact a portfolio’s yield and risk profile. While the benefit may not be realized in the current tax year, but, under current tax law, it’s never lost.

Blockchain's primary use and application is to facilitate cryptocurrency transactions—which has helped drive strong investor interest in crypto, along with its high potential return and low correlation to traditional assets. However, there are a number of risks that investors should evaluate before considering an allocation to crypto.

2022 should be viewed as a transition year as the global economic and investment environment evolves in search of a new reality. Inflation and central banks will be in focus, along with other shifts underway. For investors, all the change means having an effective risk management of portfolios that is complemented by longer-term considerations. Two essential components of it will be your strategic asset allocation and the ESG factor.

Last year was another challenging and disruptive year for public health and global trade. Despite pandemic-driven dislocations, supportive government policies propelled most economies and “risk assets” higher. With the potential for recent tailwinds to become headwinds, how should investment portfolios be positioned going forward?

Responsible investing has taken the investment field by a storm and become mainstream. Looking ahead, investors continue to be particularly interested in two predominant ESG themes that have been main points of focus for the past several years: the climate and diversity.