Notes on markets, money, and the long view. The Weekly Update from Anton, plus press, and the occasional essay.
2026
Investing
Since June 2, the major indices have traded in a narrow, directionless range, a market version of a pilot losing visibility in the clouds. This UPdate looks at why disciplined investors trust their instruments, the strongest quarterly earnings growth since 2021, and the two questions every investor should be asking now.
Estate Planning
A plain-English guide for California families with $1 million to $8 million in assets on the estate planning issues that actually apply to them in 2026, none of which involve the federal estate tax.
Financial Planning
ISOs, RSUs, and concentrated stock each carry different tax rules and risks. This guide covers exercise timing, AMT planning, RSU vesting strategies, 10b5-1 plans, and diversification approaches with current 2026 figures.
Tax Planning
A pre-retiree's guide to Roth conversion strategy: timing, tax bracket management, the five-year rule, sequencing, and California tax rules.
Press
Up Capital Management announces a strategic partnership with Modelist, bringing institutional-grade investment research and custom model portfolio capabilities to its fee-only fiduciary advisory practice.
Investing
Headlines warn of AI-driven layoffs, but the latest BLS jobs report shows unemployment easing and labor productivity rising. What it means for investors.
Tax Planning
A California resident who sells a concentrated position at the 15% federal long-term rate can still owe more than twice that once the state and the surtax are layered on, and most of the planning options close the day the sale does.
Financial Planning
Your accounts are rarely the hard part of retirement, the sequencing is, and this guide walks through which dollar comes out first and why.
Investing
Since June 2, major indices have traded in a relatively flat range while corporate earnings kept growing, gradually making valuations more attractive.
Investing
Anton Bayer, CFP®, on when to trim concentrated winners like Nvidia and Western Digital, and disciplined, tax-conscious strategies for reducing a position.
The Weekly Update
Anton’s note on the week, plus new essays. No noise, sent when there is something worth saying.
No spam, unsubscribe anytime.