A well-built investment portfolio always takes deliberate steps to minimize the threat of taxes to the greatest degree possible. I know it sounds complicated, but it’s not.
Aside from practicing smart asset location and owning investments that designed to reduce tax liabilities (see index ETFs), there are other simple ways to reduce the tax bite.
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Tags: capital gains, capital losses, commodities, inverse equity etfs, investment portfolio, portfolio report card, tax efficiency, tax loss harvesting, taxable account, Utilities, volatility
Diversification means different things to different people. In some cultures, diversification means having large families to diversify so that when mom and dad get old, there will be plenty of children and grandchildren to care for them in their old age. For the individual investor, diversification boils down to spreading your risk across a variety of major asset classes.
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Tags: asset location, diversification, dividend, expense ratio, FKINX, Franklin Income Fund, income, mutual fund, performance, portfolio report card, tax cost ratio, tax loss harvesting, yield