Resources — Anthony Daoheuang

Anthony Daoheuang

Resources

Primers, letters, and the occasional correction.

I publish when a question has come up three times, or when I’ve changed my mind about something. Insurance on one side. Retirement money, public markets, private funds, bonds and options on the other.

Investing

How do you hedge a concentrated stock position without writing a big check for puts?

Costless collar

Read itAnthony Daoheuang · September 2026 · 4 min read

InvestingHow does a box spread actually work as a loan?

Box Spread Loans

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingHow does writing options for income actually work when you already own the shares?

Covered calls

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingHow does writing covered calls actually put cash in the account while you still own the shares?

Covered calls

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingWhat is a private placement, and why do most families in the $300k–$500k income range never touch one?

Private placement

Anthony Daoheuang · September 2026 · 4 min read Read it

InsuranceWhat happens when you borrow the money to pay life insurance premiums?

Premium financed life insurance

Anthony Daoheuang · September 2026 · 4 min read Read it

InsuranceWhy does the cash value in an IUL feel so different from a plain mutual fund?

Indexed Universal Life Insurance vs Mutual Funds

Anthony Daoheuang · September 2026 · 4 min read Read it

InsuranceWhy buy term life insurance when permanent policies get all the marketing?

Term vs permanent life insurance

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingWhat breaks when you put college money in a UTMA?

UTMA

Anthony Daoheuang · September 2026 · 3 min read Read it

InsuranceWhat Does a Fixed Index Annuity Actually Deliver When The Market Moves?

Fixed index annuity caps and floors

Anthony Daoheuang · September 2026 · 5 min read Read it

InvestingBox Spreads as a Synthetic Loan: Borrow Near Treasury Rates Without Selling Appreciated Stock

Box spreads as a loan

Anthony Daoheuang · September 2026 · 5 min read Read it

InsuranceCan You Use Life Insurance to Build Wealth? What That 1,100% Search Spike Is Really Asking

How life insurance builds wealth.

Anthony Daoheuang · September 2026 · 5 min read Read it

InvestingHow do Options Protect Against Market Down Turns?

Using options as a hedge

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingShould I Invest in Private Credit?

Should I invest into private credit?

Anthony Daoheuang · September 2026 · 5 min read Read it

InvestingOne deal in a box: what an SPV actually is

What are Special Purpose Vehicles and how they are used

Anthony Daoheuang · September 2026 · 5 min read Read it

InsuranceWhat does a multi-year guaranteed annuity actually lock in for a family with cash sitting idle?

Multi-year guaranteed annuity interest rates

Anthony Daoheuang · September 2026 · 4 min read Read it

InvestingWhy does the mega backdoor Roth still matter when you already max the regular 401(k)?

Mega Roth Conversion

Anthony Daoheuang · September 2026 · 3 min read Read it

InvestingThe 10% Alternatives Rule Most RIAs Quietly Use for $5 Million Portfolios

Alternative investment allocation

Anthony Daoheuang · September 2026 · 4 min read Read it

InsuranceCan You Really Become Your Own Banker?

Infinite banking concept

Anthony Daoheuang · August 2026 · 4 min read Read it

InsuranceWill Life Insurance Pay If You Die Overseas or While Traveling?

What happens if you die overseas?

Anthony Daoheuang · August 2026 · 4 min read Read it

InvestingHow do Asset-backed Loans Work?

How does asset backed lending work

Anthony Daoheuang · August 2026 · 4 min read Read it

InsuranceHow Much Term Insurance do I Need?

Determining how much term is sufficient.

Anthony Daoheuang · August 2026 · 4 min read Read it

InvestingPrepaid Variable Forwards Can Unlock 90 Cents on the Dollar Without Selling the Stock. Here’s the Tax Catch.

Prepaid Variable Forward

Anthony Daoheuang · July 2026 · 4 min read Read it

InvestingThe J-curve, and why year three feels like a mistake

Fees come first and returns come later. That shape is structural, not a warning sign.

Anthony Daoheuang · March 2026 · 5 min read Read it

InvestingWhat two-and-twenty costs over a fund's life

The management fee and the carry are charged on different things. Worked out in full.

Anthony Daoheuang · February 2026 · 5 min read Read it

InvestingSequence risk, in plain language

The order of returns matters more than the average once withdrawals begin.

Anthony Daoheuang · January 2026 · 4 min read Read it

InsuranceThe definition of disabled is the whole policy

Own-occupation, any-occupation, and the sentence that decides which one you bought.

Anthony Daoheuang · December 2025 · 4 min read Read it

InvestingCapital calls, and keeping powder dry for eight years

A commitment is not an investment. The gap between them is where families get caught.

Anthony Daoheuang · November 2025 · 5 min read Read it

InsuranceTerm, permanent, and the question in between

The choice is rarely about the product. It is about how long the need actually lasts.

Anthony Daoheuang · October 2025 · 5 min read Read it

Stay in touch

New writing, every month or so.

One letter when I actually have something worth saying about insurance or retirement money. Writing only.

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