Implement · how to hold it

How you hold it is worth +$7 of every $100 earned

Tax and costs take $35 of every $100 a portfolio earns. What to own is chosen under Choose; these four topics decide the wrapper, the account and the tax lots that give part of it back.

1. 01Tax in investing $34per $100 earned Tax takes more than fees do; the levers worth the most are free What the $3M household this site simulates paid in tax over 20 years, against $1 in costs. Eight levers ranked: never selling keeps $35 and the one-year line $17 of every $100 of gain, by statute; the one sold hardest is worth the least. 9 short reads · 35 min
2. 02Account placement +$1per $100 earned Turnover decides the account, not asset class Bonds in the deferred accounts first, equity in taxable, Roth and HSA, against the same mix in every account. Small in the simulation; larger the more the portfolio trades. 6 short reads · 16 min
3. 03Funds, wrappers and fees +$7per $100 earned The wrapper decides more than the strategy Index ETF, 6 bps all-in against active mutual fund, 84 bps all-in: the same holdings, held through a different wrapper. 8 short reads · 28 min
4. 04Income and option ETFs Are the 'tax-efficient income' ETFs actually tax-efficient? Covered-call and option-income funds read through the tax return: what the label says, what the filing says, and the alternative. 6 short reads · 21 min