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What To Do When Gifts To Minors No Longer Fit: Adjusting UTMAs, 529 Plans, And Trusts When Family Goals Don’t Align

Nerd's Eye View

However, once a child reaches the age of majority, they may not always be in a position to manage assets responsibly. In these cases, parents may wish to adjust how gifted assets are structured to better align with their family's long-term goals. Read More.

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Longform links: constraining future historians

Abnormal Returns

wsj.com) Housing Housing is both a consumer good and asset class. ig.ft.com) Food The case for vertical farms. unchartedterritories.tomaspueyo.com) Is 'precision fermentation' the future of food? (nextavenue.org) Fund management How secretive Sovereign Global Investment has made a fortune making big bets.

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Friday links: the crypto community

Abnormal Returns

money market mutual funds now have more than $7 trillion in assets. asteriskmag.com) Food Berkshire Hathaway ($BRK.A) (msn.com) U.S. bloomberg.com) Prediction markets How big can prediction markets get? marketwatch.com) Prediction markets can be about more than just elections. now owns a big chunk of Domino's Pizza ($DPZ).

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Just Don't With Private Assets

Random Roger's Retirement Planning

Barron's had a very quick look at the recent popularity of private assets to try to figure out whether investors should wade into the space. The food industry, probably not. SOXX and SMH are the two largest semiconductor ETFs I am aware of and PBJ is a food and beverage ETF with an all-timer of a symbol.

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Adviser links: an existential issue

Abnormal Returns

investmentnews.com) Money and food issues have a lot in common. riabiz.com) Why regulators are pushing back against mangement of client 401(k) assets. (morningstar.com) These clients have more than one adviser. advisorperspectives.com) Fidelity is doubling down on its social content strategy.

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10 Wednesday AM Reads

The Big Picture

Wall Street Journal ) • Americans Are Gobbling Up Takeout Food. America’s biggest chains test digital-only restaurants and more drive-throughs, gambling that heightened consumer demand for food to go will last well beyond the pandemic. Restaurants Bet That Won’t Change.

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Transcript: Mike Green, Simplify Asset Management

The Big Picture

The transcript from this week’s, MiB: Mike Greene, Simplify Asset Management , is below. We have to pay attention to this, and we have to understand why this is potentially a risky asset. Precisely because we look at it and we’re like, wait a second, if this risk goes wrong, not only do I lose my assets, but I lose my job.

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