Step 7: Silent Partners in Under a Minute

Monday, October 25, 2021 3,782 views

Mark Hebner explains how there are many silent partners that quietly eat away at an active investor's returns. Investors returns are eroded by state and federal taxes, sales commissions or loads, fund expense ratios, fund turnover, and transaction costs. Active mutual funds are known to have higher turnover rates than passive funds, creating tax liabilities and mistakes that erode returns. Although most passively managed funds are tax efficient by nature, some ETFs and other strategies can provide further benefits to save even more in taxes. On the portfolio management level, tax loss harvesting of the funds can add even more tax-efficiency.

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