Gen One Legacy
Making a generational impact starts with one: one person, one family, and one community. And so, the Gen One Legacy is our attempt to help first-gen tech professionals like you get your financial house in order so you can live your legacy.
Hosted by Peter Donisanu, a Private Wealth Manager, this podcast serves to simplify your journey through the often-complex world of wealth management, tailored specifically for the first-generation impact-oriented tech worker.
One person can’t change the world alone.
But one person can be the spark that lights the way, providing future generations with resources they need to align with their higher purpose so they can make a dent in the universe.
Your journey as a first-generation high earner isn’t just about accumulating wealth; it’s about creating a legacy that lasts the tests of time. A legacy that empowers your family, uplifts your community, and leaves a lasting mark on society for generations to come.
That’s why each episode of Gen One Legacy dives deep into the critical aspects of wealth creation, preservation, and legacy formation. From actionable stock options & equity comp strategies, to investing, estate planning and fostering a mindset of generational wealth, we cover it all.
Join us as we distill proven Wealth Management practices into practical and actionable insights that you can apply to your own life.
Whether you're an entrepreneur, an executive, or anywhere in between in the tech space, this podcast is your first step toward securing a prosperous future for your family and generations to come.
Subscribe to the Gen One Legacy where we’ll help you get your financial house in order so you can live your legacy.
Gen One Legacy
How Smart Investors Profit from Tax Loss Harvesting
It's that time of the year again, and apple picking and pumpkin patches not only usher in traditional fall routines, they also signal that it's time for an annual review of potential tax losses you can harvest from your investment portfolio.
And you know, just as farmers come together to bring in the fall harvest before winter kicks in, prudent investors should take the time to review their portfolios for opportunities to harvest tax losses this season.
Now, for some of you out there, the idea of "harvesting" losses might seem counterintuitive.
That's because when we think of harvests, we tend to think of taking gains, not losses, right?
Well, while this point may be relevant in most situations, the truth is that a harvest can also happen when you act to avoid leaving money on the table.
Indeed, the key to growing and preserving your wealth isn't just about how much you make, it's also how much you keep.
That's why, just as farmers harvest their crops to reap the benefits of their sewing efforts, investors "harvest" losses to minimize tax expenses.
And so, by realizing (or "harvesting") losses, you can offset taxable gains elsewhere in your portfolio and avoid paying Uncle Sam any more than his fair share.
With that said, this process isn't just about selling all your losses. Indeed, it involves harvesting those losses in the right accounts, being methodical in your approach, and avoiding common and costly pitfalls that could derail your efforts.
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