Rebalance Rationale, November 2022

Rebalance Rationale, November 2022

“What a year it has been” is an understatement for the performance of both risk and conservative assets so far in 2022. In 301 years, we are looking at the 4th worst return ever for government bonds through September.   Source: BAML. As of 09/30/22   It has...

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...