Tax aware investing with the S&P 500 hovering near 5

With the S&P 500 hovering near 5,250, "tax aware investing" is gaining traction among high-net-worth clients seeking to maximize after-tax returns, especially as dividend yields in energy stocks reach 4.2%. Tactical sector rotation could shield gains from short-term capital gains taxes. At the end of the day, it's just a bit of pretty good news for Ford and GM for the fourth quarter. [00:27:08.09] Yeah, there were some enhancements to 529 accounts included in the law that was enacted. So expansion of so-called qualified educational expenses that can be used for 529. So in recent years, there was a change that now allows 529's to be used for elementary or secondary education, but really limited to tuition. And those provisions were expanded to allow them to be used for other educational related expenses. Mid-year earnings season offers fertile ground for "tax aware investing", as investors swap underperformers to realize losses while reallocating into sectors with strong EPS surprises, minimizing tax drag and compounding gains.