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Tax-efficient fund placement is an issue facing investors holding both tax-advantaged and taxable accounts. The tax code recognizes different sources of investment income which are taxed at different rates, or, are taxed at a later time (tax "deferred"). An asset's tax efficiency (the impact of taxes on an investment) is affected by both its expected return and the tax rate on such return.
All investors must pay their fair share of taxes. This article describes how to minimize taxes through appropriate placement of investments in tax deferred or taxable (pay taxes now) accounts. (more...)
This week in financial history
- 1900 - Louis Jean-Baptiste Alphonse Bachelier, French mathematician, published Theorie de La Speculation; and argued that markets were essentially random. This introduced higher math to the analysis of finance. Source: Théorie de la spéculation, Annales Scientifiques de l’École Normale Supérieure Vol.3 (17) pp. 21-86.
- 1999 - The US Dow Jones Industrial Average closed above 10,000 for the first time in history. Source: Closing milestones of the Dow Jones Industrial Average
- 1987 - The Australian Stock Exchange Limited (ASX) was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament. Source:History
- 2011 - The Center for Research in Security Prices (CRSP) launched indexes that provide coverage of various sectors of the US stock market. The indexes include the CRSP US Total Market Index; the CRSP US Mega Cap Index, the CRSP US Large Cap Index; the CRSP Mid Cap Index; and the CRSP Small Cap Index. Source: CRSP Indexes Quick Reference Guide
- 1792 - The Coinage Act established the United States Mint and created a decimal system for U.S. currency. Source: Coinage Act of 1792
- 1956 - The Tokyo Stock Exchange started trading in bonds. Source: Tokyo Stock Exchange, Inc.
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