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Accounts Quotes

“While it is probably a poor idea to own actively managed funds in general, it is truly a terrible idea to own them in taxable accounts... taxes are a drag on performance of up to 4 percentage points each year... many index funds allow your capital gains to grow largely undisturbed until you sell... For the taxable investor, indexing means never having to say you're sorry.”

Years Mean Ideas Grows Poor Terrible Taxes Gains Performances Accounts Sells Sorry Investing Fund Investors Drag Percentages Capital Gains Index Funds Indexing

Author:William J. Bernstein

“[What if my advisor talks only about returns, not risk?] ... It's his job to take risk into account by telling you the range of possible outcomes you face. If he won't, go get a new planner, someone who will get real.”

Ifs Real Jobs Faces Risk Return Accounts Investing Range Outcomes What If Get Real Risk It Planners Advisors

Author:William Forsyth Sharpe

“Never mingle your speculative and investment operations in the same account nor in any part of your thinking.”

Thinking Accounts Investment Investing Operations

Book:The Intelligent Investor, Rev. Ed

Source: The Intelligent Investor, Rev. Ed

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”

Source: Creating Wealth: Retire in Ten Years Using Allen's Seven Principles of Wealth