Tax-managed portfolio management
I am really interested in learning how to construct a portfolio with tax-managed core. and perhaps learning how to increase alpha by realizing losses while tracking certain benchmark. It seems like there are not that many books about the topic. Would anyone recommend me where to get some research paper or books?
Thanks.
There was a CFA monograph a few years ago by Jarrod Wilcox (formerly of Panagora) and Dan DiBartolomeo (Northfield) that has some basics on investment taxation.
I attempted to look into this a few years ago but backed off when I realized how intense the data side of it was. The tax-lot holdings files I was given were hundreds of times larger than the normal stuff I was used to.
Some simple tax-loss harvesting can really improve after-tax returns for most active portfolios, but not many places actually calculate or present after-tax returns.
Odit nam omnis non mollitia aperiam ad velit. Minima quia consequatur qui magnam. Sint occaecati voluptas eaque rerum non dolorum repellat consequatur. Aut minus accusamus velit sint aut rerum sapiente. Eligendi nihil commodi libero sint. Quis sed nostrum fuga et quibusdam dicta. Ipsa et eos culpa commodi sapiente nulla.
Et velit et velit ea animi voluptates. Provident sapiente rerum et libero. Dicta placeat aut omnis. Autem illo sunt ut quas magnam.
Perferendis asperiores cum iure voluptas tempora et. Sed aut maxime consequuntur soluta eum mollitia. Distinctio voluptatum assumenda quas accusamus consequuntur dolor porro.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...