Tax-Aware Investment Management

<b>Investment returns are uncertain,</b> <b>especially in today’s economic environment. But taxes are a sure thing.</b> <p>That’s one reason why tax-aware investment management is essential for building and maintaining wealth.</p> <p>In this comprehensive, groundbreaking book, Douglas S. Rogers, CFA, explains why many accepted investment strategies and techniques developed for tax-exempt institutional investors don’t work for individuals who are subject to taxes. They will end up with substantially lower after-tax returns simply because their portfolios are not structured or managed with tax obligations in mind.</p> <p><b>This book shows:</b></p> <ul> <li>How to measure and compare the tax-efficiency of mutual funds, hedge funds, and individual investment managers</li> <li>How the widely used style-box matrix can prove detrimental to after-tax investment returns</li> <li>How to minimize taxes on stock-and-bond portfolios and employ sophisticated strategies for offsetting gains against losses</li> <li>How to decide which asset categories should be placed in tax-deferred accounts such as IRAs and which should be placed in regular taxable accounts</li> <li>How to incorporate tax-aware techniques and insights into all facets of investment planning, portfolio management, and estate planning</li> </ul>