Research

What if selling your startup shares could mean paying little to no federal capital gains tax? QSBS is one of the most powerful and overlooked wealth-building opportunities available.

By design, a well-diversified portfolio always contains investments you may end up regretting...but that discomfort is the price of avoiding catastrophic outcomes.

Vanguard's Total World Stock ETF is an elegantly simplistic product...but is simplicity costing you money?

Rather than worrying about IPO inclusion timing, investors would be better served focusing on the long-term expected returns of the markets they're invested in.

The case for LSDI improves meaningfully in specific circumstances, but for many investors being pitched the strategy, the math doesn't support the hype.

Regular readers know we've been evangelizing a unified approach to lifetime investing and spending for a long time, which is why we're so excited about the work Yale Professor James Choi is doing.

Investors have learned to love the ETF as an investment vehicle, and for good reason - but for investors holding assets with unrealized gains in taxable accounts, making the switch can seem unattractive.

The US stock market is heavily concentrated in a handful of technology companies, and many investors and commentators find this alarming - arguing that such concentration makes the market riskier.

From the Elm HQ in Philadelphia, Founder and CIO Victor Haghani and Partner Jerry Bell look forward to 2026, discussing different views on how likely a stock market crash is, as well as how to subsequently think about asset allocation.

Many of us sit on the advisory boards and investment committees of university endowments, charitable foundations, or family trusts, and several have recently asked us what big recommendations we'd make for their institution's investing process.

From the Elm HQ in Philadelphia, Founder and CIO Victor Haghani and Partner Jerry Bell look forward to 2026, discussing a variety of topics from capital market assumptions to bubbles and market riskiness.

From the Elm HQ in Philadelphia, Founder and CIO Victor Haghani sits down with Partner Jerry Bell to discuss our recent research piece surrounding the dangers of extrapolation and return chasing.