What we can learn from one experience worth noting

From one of our members, an experienced, high net-worth person:

“My friend Milan Somborac has asked me to write about a recent problem that I had with my investments.  I am doing so with the caveat that my method is not the one followed in the MMM program.  I employ two investment managers and I manage a portfolio on my own, and in that portfolio I own individual companies, as well as ETFs.

“On the Memorial Day (US) weekend I learned that I may be facing an unexpected tax levy of $500,000 as a result of some transactions that I was unaware would result in these charges.