According to his study, a single portfolio that turns over once in a decade actually surrenders the benefits that would have occurred from deferring taxable events for 30 years.
Read the full article from Nerd's Eye View.
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The benefits of deferring taxes on capital gains by minimizing portfolio trading can diminish substantially with even limited trading. So writes Michael Kitces in the Nerd’s Eye View.
According to his study, a single portfolio that turns over once in a decade actually surrenders the benefits that would have occurred from deferring taxable events for 30 years.
Read the full article from Nerd's Eye View.