Investment returns are uncertain, especially in today's economic
environment. But taxes are a sure thing.
That's one reason why tax-aware investment management is
essential for building and maintaining wealth.
In this comprehensive, groundbreaking book, Douglas S. Rogers,
CFA, explains why many accepted investment strategies and
techniques developed for tax-exempt institutional investors don't
work for individuals who are subject to taxes. They will end up
with substantially lower after-tax returns simply because their
portfolios are not structured or managed with tax obligations in
mind.
This book shows: How to measure and compare the tax-efficiency
of mutual funds, hedge funds, and individual investment managersHow
the widely used style-box matrix can prove detrimental to after-tax
investment returnsHow to minimize taxes on stock-and-bond
portfolios and employ sophisticated strategies for offsetting gains
against lossesHow to decide which asset categories should be placed
in tax-deferred accounts such as IRAs and which should be placed in
regular taxable accountsHow to incorporate tax-aware techniques and
insights into all facets of investment planning, portfolio
management, and estate planning
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