Bond Market Week Over Week Update

*  Why Are Yields Rising:  Rising yields are a consequence of falling bond prices, which occurs when investors sell bonds. This is an obvious point, but it’s important to realize that yields aren’t rising by themselves—they are only rising because investors are...

ETF Mechanics and Tax Efficiency

Most people hate taxes – that’s why they should love ETFs.  As in past years, capital gains distributions from ETFs in 2021 were a tiny fraction of those distributed by their mutual fund counterparts. Our objective is not to restate the fact that ETFs are more tax...

Why ETFs Are Tax-Efficient

Most people hate taxes – that’s one reason they should love ETFs.  Here’s what I mean,  “About 50% of all equity mutual funds paid out capital gains in 2013, whereas fewer than 5% of ETFs did, and rarely did ETFs pay gains that were significant” …that’s a quote pulled...