Learning For Building a Winning Portfolio 1 doc
Learning For Building a Winning Portfolio_1 doc
... Year Dividends FactorValue FactorValue 20 01 $14 0.00 1. 00 $14 0.00 1. 00 $14 0.00 2002 $14 7.00 1. 08 $13 6 .11 1. 15 $12 7.83 2003 $15 4.35 1. 17 $13 2.33 1. 32 $11 6. 71 2004 $16 2.0 71. 26 $12 8.65 1. 52 $10 6.56 2005 ... $17 0 .17 1. 36 $12 5.08 1. 75 $97.30 2006 $17 8.6 81. 47 $12 1. 61 2. 01 $88.84 2007 $18 7. 611 .59 $11 8.23 2. 31 $ 81. 11 2008 $19 6.99 1. 71 $11 4...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_3 docx
... years has penal- ized its taxable shareholders by distributing about 10 % of its value each year as capital gains. Fortunately, there are now “tax-efficient” index funds designed for taxable accounts, ... returns elsewhere. What actually happens is that they generate more unnecessary capital gains and resultant taxes. For the taxable investor, indexing means never having to pay the tax a...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_11 doc
... building mania, 14 1 14 2, 15 8 GDP and technological diffusion, 13 2 13 4 railroad mania, 14 3 -14 5, 15 9 16 0 South Sea Company, 13 7 14 1, 15 8 Brokers, 19 1–202 Merrill, betrayal of, 19 3 19 4 spreads and commissions, ... years for each of the four assets in the same manner. For U.S. large, small, foreign, and REITs, these values are 1. 414 7, 1. 1436, 1. 3385, and 1....
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_2 ppt
... high-octane Manhattan Fund. Unfortunately for Tsai, just at that point, he was struck with a fatal case of chimpanzee syndrome. The years 19 66 19 67 were mediocre for Manhattan and in 19 68, the patient ... at a fairly young age, ran Oakmark Fund. Mr. Sanborn was an undisputed superstar manager. From its inception in 19 91 to year-end 19 98, Oakmark’s annualized return was 24. 9...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_5 pptx
... financial chaos of Paris arrived a most extraordinary Scotsman: John Law. After escaping the hangman for killing a man in a 16 94 duel, he studied the banking system in Amsterdam and even- tually ... the railroads made overland travel cheap, safe, rapid, and relatively comfortable. Even more importantly, the steam engine was undoubtedly the most dramatic, romantic, and artistically a...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_9 pot
... $49 ,12 6 $57,8 71 $68,527 $ 81, 538 $97,4 51 $11 6,945 35 $60,5 41 $73,547 $89,992 $11 0,846 $13 7,360 $17 1 ,14 1 40 $73 ,14 4 $ 91, 719 $11 6 ,10 6 $14 8,252 $19 0,768 $247 ,15 4 This page intentionally left blank ... Table 12 -1 that saving a real $10 0 permonth at a realrate of 4% produces $36,384 after 20 years. So, to produce a real $1, 250,000 nest egg we will have to save...
Ngày tải lên: 21/06/2014, 15:20
Learning For Building a Winning Portfolio_10 ppt
... Stock Allocation) Total Stock Tax-Managed Tax-Managed Market Index Small Cap International REIT (VA) January 1, 2003 $3,000 $10 ,000 $10 ,000 $10 ,000 April 1, 2003 $19 , 417 $17 ,500 $19 ,583 $15 , 417 July ... ofi nterest rates and taxes. Let’s assume, for example, that you aresubject to the 36% marginalfederalrate and live in a state with a5 %marginalrate. In your taxable account...
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The Four Pillars of Investing: Lessons for Building a Winning Portfolio_5 docx
... value each year as capital gains. Fortunately, there are now “tax-efficient” index funds designed for taxable accounts, which are generally able to avoid capital gains. In 19 99, Vanguard created ... expense are least for large-cap funds, intermediate for small-cap and foreign funds, and greatest for emerging market funds. They are tabulated in Table 3 -1. 94 The Four Pillars of Inv...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_7 doc
... the roads and public safety made travel a danger- ous, slow, and extremely uncomfortable endeavor. At a stroke, the railroads made overland travel cheap, safe, rapid, and relatively comfortable. ... financial chaos of Paris arrived a most extraordinary Scotsman: John Law. After escaping the hangman for killing a man in a 16 94 duel, he studied the banking system in Amsterdam and...
Ngày tải lên: 20/06/2014, 20:20
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_10 doc
... 30 years. As you can see from Figures 12 -1 and 12 -2, a 6.7% withdrawal rate would actually have depleted all the portfolios in about 15 years. This means that a “penalty” of about 1. 5%–2% was extracted ... economic impact as largeasthat of financialjournalism. Just as many automobilepur- chasers will buy on the basisof a favorable reviewinCar and Driver,aglowing money manager st...
Ngày tải lên: 20/06/2014, 20:20