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Optimal Finance Daily - Financial Independence and Money Advice

3251: Specific Identification of Shares by The Mad Fientist on How to Boost your Investment Returns

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.51.3K Ratings

🗓️ 17 August 2025

⏱️ 11 minutes

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3251: The Mad Fientist breaks down a powerful but often overlooked tax strategy that can significantly boost your investment returns: specific share identification. By choosing exactly which shares to sell, you can minimize capital gains taxes and optimize long-term wealth accumulation, a simple tweak with massive financial upside. Read along with the original article(s) here: https://www.madfientist.com/specific-share-identification/ Quotes to ponder: "Most brokerages default to FIFO (first-in, first-out), but that’s not usually the most tax-efficient method." "With specific share identification, you choose which shares you sell, which means you can control how much tax you’ll pay." "Taking a few minutes to choose which shares to sell can save you thousands of dollars over your investing lifetime." Episode references: Vanguard - Cost Basis Methods: https://investor.vanguard.com/investor-resources-education/taxes/cost-basis IRS Specific Identification of Shares: https://www.irs.gov/publications/p550#en_US_2023_publink100099023 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Why are businesses like HelloVet choosing Apple products and services?

0:04.8

So we started the business two years ago.

0:07.2

We had a few people who were used to PCs and this was their first foray into Macs.

0:12.5

But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.

0:18.0

Find out how Mac can help you run and grow your business at Apple.com forward slash hello vet.

0:26.0

If you're lucky, you have 18,000 days left until you die.

0:29.4

For most of us, over half of those will be spent at work.

0:31.9

And yet, so many of us still hate our jobs.

0:34.3

Today, we're launching Dex, the AI-powered career matchmaker built to work for you.

0:39.1

Dex is a conversational AI, a sounding board and an advisor, and it just so happens to be the

0:44.1

best connected recruiter on the planet. He takes the time to understand your unique experiences,

0:48.3

talents and needs. Dex scans the entire tech market each day from the most exciting start-ups,

0:53.8

quantitative hedge funds and big tech. Dex finds the most exciting start-ups, scale-ups, quantitative hedge

0:55.2

funds and big tech. Dex finds those interesting, hard-to-access roles, often before they're advertised.

1:00.3

Over the past few months, Dex has been in training. He's met thousands of people, he's researched

1:04.8

millions of roles, and he's connected individuals with the businesses that deserve them.

1:09.2

And now he's ready to work for you. Life is

1:11.0

short, speak to Dex and find work that matters. Sign up now at www.metex.aI. That's www.

1:18.9

meetdex.aI. This is Optimal Finance Daily. Specific identification of shares by the madfcientist of madfiantist.com.

1:30.3

A few months ago, I wrote a couple of articles about harvesting investment gains or losses for tax purposes.

1:37.3

In the tax loss harvesting post, I described how it can be beneficial to sell investments for a loss in order to use that loss

1:45.5

to reduce your taxable income. Conversely, in the tax gain harvesting article, I showed that in some

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