Why I'm Selling Stocks, Buying ETFs 🔥 | Without Overpaying Taxes!

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The video discusses the potential drawbacks of holding too many individual stocks in a portfolio and outlines a strategy for reducing individual stock exposure in favor of ETFs.
Dennis Chen, who currently has about 100 individual stocks in his portfolio, making up 67% of the assets, aims to shift to a ratio of 33% individual stocks and 67% ETFs for reasons such as simplicity, better diversification, lower risk exposure, tax efficiency, and time optimization.
He categorizes the stocks by account type, performance, and conviction before identifying their high-conviction stocks based on criteria such as a competitive moat, consistent growth, resilient business model, innovative leadership, dividend stability, and industry leader status.
For tax-efficient approaches to selling stocks, Dennis recommends prioritizing sales in tax-advantaged accounts, using tax loss harvesting, selling over multiple years, prioritizing long-term gains, and reinvesting proceeds in ETFs.
Overall, the video emphasizes the importance of focusing on quality over quantity in stock holdings and highlights the benefits of transitioning to a more ETF-heavy approach for long-term financial stability and efficiency.
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What you'll find in this video:
💵 Introduction
💵 Why I’m Reducing My Stock Holdings
💵 Categorizing My Stocks
💵 Identifying My High-Conviction Stocks
💵 My Top 20 Stock Holdings
💵 Minimizing Taxes While Selling Stocks
💵 Conclusion
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[MvpMvp]

Great stuff! Thank you for the content.
I have made so many changes in the last year. I finally came to the realization that 19% of my portfolio in stocks was the sweet spot. Best upside lowest risk just better all metrics. 1% LLY 2% 5% BRK.B 5% O 4% NEE 4% SHW 12% schd 12% voo 13% sphq 6% lvhi 9% xmmo 9% spmo 9% vug 9% qqqm gives me exposure to all sectors. Thanks again for your content.

[spykex]

I have voo/schd/qqqm with some individual stocks but I really like the diversification of your setup.

[Anurag-x-bt]

Kudos to the efforts behind this video, Always Be Compounding Club. Already loving it!
Would be awesome to chat sometime about how we can enhance content even more.

[motowncooking]

I appreciate you and all the advice you have given out.

[koufax]

BRKA largest position by far, SCHG 1/4 position of BRKA, much smaller the rest SCHD, NFLX, V, AMZN, COST, SPGI. 23% returns average with much lower downside.