Finally, ... the turnover ratio is the big secret of the mutual fund industry. The average fund turns over its assets 100 percent that means they fully sell out and buy something else, and guess who gets to pay that tax bill at the end of the year You and I do.
More Quotes from David Gardner:
Ideally ... we think that a further step here would be to phase out capital gains if investor are holding for a longer period. For instance, if you were to hold stocks, let's say, for five years, I would like to see the rate lower than 20 percent, and maybe if you hold 10 years, there might be no capital gains rate at all. That will return the public markets to being about buying and holding and funding businesses, which was their purpose, not throwing paper around in a speculative manner.David Gardner
The story of those Hitlers is told in a new documentary, The Last of the Hitlers, ... American Morning.
David Gardner
I've got three basic, foolish thoughts today about taxes. Let's take it right off with number one, which is that I believe that there should be a long-term benefit to owning stocks.
David Gardner
Then when we finish, we'll have a better idea of when they'll start on the work, because they need to have this meeting in order to issue a notice to proceed to the contractor,
David Gardner
We learn simply by the exposure of living, and what we learn most natively is the tradition in which we live.
David Gardner
It's good to see the increase, but it should be higher. The base was low to begin with.
David Gardner
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