Adapting Wealth Strategies Amid Deficits, Policy Shifts, and New Opportunities
This Independent Thinking® issue explores the implications of the growing U.S. deficit and the evolving debate around Modern Monetary Theory (MMT) for investors. It discusses how persistent low interest rates and strong private sector demand are allowing the government to finance large deficits with little immediate consequence, while also highlighting the risks of wealth concentration and potential long-term impacts.
The journal examines the practicalities and pitfalls of value investing in today’s markets and new opportunities for tax-advantaged investing through Qualified Opportunity Zones. It also addresses timely wealth planning topics, including the acceleration of gifting strategies, the financial considerations of relocating to lower-tax states like Florida, and the complexities of dividing assets in later-life divorce.
Independent thinking®
VOLUME 36
Adapting Wealth Strategies Amid Deficits, Policy Shifts, and New Opportunities
The U.S. Deficit and Investor Implications – Analyzes the persistent and growing U.S. government deficit, its current muted impact on markets, and the potential long-term effects for investors as debt levels rise.
Modern Monetary Theory: Promise or Peril? – Explores the rise of MMT in economic and political circles, its core argument that governments can run larger deficits without consequence, and the skepticism it faces from mainstream economists.
Qualified Opportunity Zones: Tax-Efficient Investing – Details how investors can defer and potentially reduce capital gains taxes by investing in Qualified Opportunity Zones, practical considerations, and a Q&A with industry experts.
Value Investing in a Changing Market – Examines the challenges facing traditional value investing strategies in an environment of low interest rates, high growth stock dominance, and shifting market dynamics.
