IVA Research
A collection of 171 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.
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.
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.
Avoiding Tax Bombs
Ignore a fund's turnover if you're trying to avoid a large capital gains distribution.
Fleeting Flight to Safety
Investors sought safety back in 2011 when U.S. Treasury bonds were downgraded from AAA to AA by S&P. How are markets reacting this time around?