“A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.” LosesWealthResultsFailingProduceTaxesBeatsPercentGainsInvestingFundDestroyingMarginsAnnualsVanguardIndex Funds Author:David F. Swensen
“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.” YearsMeanIdeasGrowsPoorTerribleTaxesGainsPerformancesAccountsSellsSorryInvestingFundInvestorsDragPercentagesCapital GainsIndex FundsIndexing Author:William J. Bernstein
“Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.” IfsLongImportantRunningRealizingShareSubjectsSecurityReturnTaxesGainsInvestingFinancialRealizationConsiderationFriendlyFundAllowingInvestorsLong RunsSwitchingStock PriceCapital GainsIndex Funds Author:Burton Malkiel
“Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.” SecurityTaxesGainsTradeInvestingFundCapital GainsIndex FundsCapital Gains Tax Author:Burton Malkiel
“If you're a wealthy heir with a trust fund, and you sell stocks, make your 10% gains since Donald Trump, and then you buy other stocks, you can avoid paying taxes. And if your accountant registers your wealth offshore in a Panamanian fund, like Russian kleptocrats do - and as more and more Americans do - you don't have to pay any tax at all, because it's not American income, it's foreign income in an enclave without an income tax.” IfsWealthPayTrumpTaxesGainsSellsIncomeFundWealthyRegisterIncome TaxHeirsAccountantsPaying TaxesOffshoreTrust Funds Author:Michael Hudson
“As women slowly gain power, their values and priorities are reshaping the agenda. A multitude of studies show that when women control the family funds, they generally spend more on health, nutrition, and education - and less on alcohol and cigarettes.” ShowsValuesStudyGainsAlcoholPrioritiesAgendasFundNutritionCigaretteMultitudesFunny SarcasticHealth NutritionGeneral EducationCigarettes And Alcohol Author:Dee Dee Myers
“Marijuana legalization's income may help fund education, prevention and treatment programs for harder drugs. What's clear is that the four-decade-old U.S.-backed war on drugs is not working, and that it's producing tens of thousands of dead across the hemisphere, without significant gains in reducing consumption. Experimenting with new weapons to weaken the cartels may be better than doing nothing.” MayWarHelpingClearFourDrugWeaponsGainsProgramHarderDecadesSignificantIncomeTreatmentFundMarijuanaConsumptionDoing NothingReducingWar On DrugsPreventionHemisphereCartelsMarijuana Legalization Author:Andres Oppenheimer