Own the spread.

A holding-company view of wealth: what your capital is worth, what it costs to finance, and which deployment choices can improve purchasing power.

Indicative net asset position

—

On paper, up to—speculative · not cash

Listed assets less recorded obligations. Before ownership allocations, selling costs and unquantified taxes.

Gross assets—

Recorded liabilities—

Debt / assets—

Market-exposed financial capital

—

Potential high-cost / disputed carry

—

If these balances accrue at quoted APRs. Actual billed interest and grace periods are separate.

All known-rate annualized exposure—

Capital structure

Distinguish productive assets from collateral, retirement restrictions and lender claims.

Gross assets by class

Ownership is not apportioned for joint accounts or property. Broker cash stays inside the parent brokerage asset.

Real estate as collateral

Estimated gross equity

—

——

Borrowing as a capital decision

The relevant trade is risk-adjusted, after-tax investment return versus real financing cost—not debt avoidance at any price.

Change a capital role to explore the classification. Roles are judgments, and changes here are temporary. Select an obligation to inspect its source.

Required return to carry debt

An illustrative financing hurdle. Increase assumptions below to see how much investment return must overcome the quoted borrowing cost, before volatility or loss risk.

Expected pre-tax market return —Tax on annual investment gain —

A negative spread suggests debt reduction can outperform the assumed after-tax investment return on a like-for-like dollar. A positive spread is not guaranteed arbitrage; risk, liquidity, tax lots, borrowing deductibility and optionality still matter.

Implied debt economics

—

Principal × quoted mortgage APR, before amortization, tax deductions or prepayments.

—

Annual card interest if reported balances were carried at purchase APR all year; actual charges may be zero under grace periods.

—

Known-rate annualized exposure; unknown APRs are excluded. Not actual expense or tax-deducted cost.

Liquidity is optionality

Measure capital available to act without distress selling—not just what a checking balance says.

—

Included once in its parent brokerage value. Cash date and availability require confirmation.

Personal checking snapshot

—

Before unresolved taxes, spending, and settlement. Business cash tracked separately.

Explore a capital deployment

A hypothetical payoff, highest-known-APR first. Assumes quoted interest accrues and cash is available; fees, taxes and dispute outcomes are excluded.

Cash reserve Hypothetical payoff

Conditional capital after reserve

Modeled annual rate exposure reduced

Concentration & convexity

Position size and correlated growth exposure can matter more than whether a debt has a headline 7% APR.

Largest identified holdings

Partial holdings sample. Rows are slices of parent account values already counted above. Funds and individual names may overlap economically.

The deployment filter

After-tax capital productivity

Underwrite future return scenarios against each liability's certain or possible carrying cost.

Liquidation friction

Evaluate tax lots and realized gains before selling appreciated assets to fund payoff.

Resilience & optionality

Preserve a capital buffer for investment opportunities and funding commitments; do not confuse market value with ready cash.

Productive leverage

Distinguish fixed, serviced, low-cost debt from floating high-cost revolving debt with uncertain grace periods.

Cash flows & reward economics

Unit economics of household cash generation and card strategy; no grocery-by-grocery budgeting.

Cash generation & commitments

Annual reported income

—

Net operating cash flow cannot be computed until income and complete commitments are known.

Credit card benefit engine

Compare usable rewards and credits with annual fees and actual interest. Expensive carried balances can overwhelm rewards. Missing inputs stay unknown.

On paper

What could be. Open an asset to explore its range.

Low

Working

High

Speculative total position · high appears in the hero · not available cash

Open diligence that can move wealth

Only items that can change capital allocation, rate exposure, property liabilities or net return.

Durable, agent-updateable source

Each input has a source, date and confidence. Nothing fetches external accounts automatically.

Source evidence

The embedded structured model drives every view. Temporary scenarios reset on reopen. Permanent changes create a new native page version through the host Source view or an agent save.

Integrity checks

Model & calculation definitions

Every graph and metric reads one structured model. Apply a model locally to test updates; this preview does not save. For durable changes, use the native Source editor or ask an agent to save a new page version. Host Download exports the saved artifact.

Agent contract