Congress has passed a massive tax cut package that gives special relief to investors. Lower capital gains tax rates and an exclusion for stock dividends eases the tax burden on those who realize investment gains in taxable accounts. However, investors still have to manage the tax impact of their investments correctly in order to maximize their gains. Under the new […]
Month: July 2003
Buy and hold is not dead, instead, it is ahead
Stock traders and brokerage houses looking for trading commissions love to deride “buy and hold” investment strategies. They use market downturns like the recent bear market to “prove” their points: that smart investors could have sold out of growth stocks in 1999 or 2000 and avoided the subsequent carnage, while getting back in early this year in time for the […]
Client Letter – Q2 2003
Since last quarter, most equity asset classes have experienced huge rebounds! Finally, your patience has been rewarded! Reuters reported that the S&P 500 had its “best quarter since 1998”—even though its quarterly return (about 15%) was less than that of many other equity asset classes. For example, some of the top performing asset class funds in my portfolios included the […]
