Jeff DeMaso
556 posts
Paying Out Profits in a Bear Market
Vanguard has a profit-sharing plan. (Yes, you read that right.) It’s called the Partnership Plan, and it allows Vanguard’s C-suiters to pull down multimillion-dollar paychecks with little transparency.
Seven Stocks to Rule Them All
Fed hits pause | Inflation cools | Big tech rules the roost
Can Active Funds Clear the Tax Hurdle?
Index funds have become most investors’ default investment option for at least a couple of good reasons, including low tax exposure. But that doesn’t mean you should abandon active funds—some managers have delivered index-fund-beating returns even after taxes are accounted for.
A Teddy Bear Market?
Putting the current bear market into context | Vanguard increases account statement fees
Are ETFs More Tax Efficient? No.
ETFs have long been crowned more tax-friendly than mutual funds. That may be true across much of the industry, but not at Vanguard. Compare apples to apples, and there’s no difference from a tax standpoint between a Vanguard Admiral-class index fund and its ETF sibling.
RIABiz Twofer: ESG and QEG
Over the past few months, I've covered how Vanguard's ability to buy utility stocks was threatened by a coalition of attorney generals arguing that Vanguard wasn't as passive an investor as the index giant claimed—most recently here. Vanguard was ultimately granted authorization to