Tax avoidance strategies include: Re-visit municipal bonds Put higher tax investments in tax deferred accounts Emphasize tax efficient strategies including: index funds, ETFs, and individual stocks Watch This Episode
Action Point
CHECK OUT THE IMPACT COSTS ARE HAVING ON YOUR PORTFOLIO
Use Vanguard’s “The Truth About Costs” tool on their website – you can see the returns lost and the returns kept over different periods of time depending upon the expense ratio paid and the average annual return you are expecting. Watch this Episode
JOHN BOGLE: READ THIS!
Read This:
REASONS TO BUY OR SELL STOCKS
Personal financial objectives Tolerance for risk Investment time horizon Level of stock prices Watch this episode here.
VOTE!
Watch this episode here.
CONSIDER A DIVERSIFIED APPROACH TO INVESTING IN EMERGING MARKETS
Morningstar recommends: For a more passive approach- Vanguard Emerging Markets ETF (VWO) VWO data by YCharts For a more active approach- American Funds New World Fund (NEWFX) Watch this episode here.