Sometimes it’s worth paying tax on an embedded gain to capture higher returns with a lower cost fund.
Risk typically stems from concrete things we can point to, like recessions or political change. Crowding behavior is less visible and this book explains how it amplifies market volatility.
This post explores the common thread between charts on valuations, economic expansions, and expected returns.
A look at the true returns of popular ETFs held in taxable accounts.
We’ve all seen a chart that looks like this: