Over the course of 2018 we've seen increasing clarity about the so-called "Opportunity Zones" included in the Republican smash-and-grab tax heist of 2017. Over at Alpha Architect they have an excellent breakdown of the tax advantages of these investment vehicles, so I'll stick to the roughest possible outline: taxable capital gains (e.g. from the sale of an appreciated … [Read more...] about “Opportunity Zones” are a terrible idea, poorly implemented, but big ambitious policies can and do work
Archives for November 2018
Vanguard just made lower-cost Admiral funds available to (almost) everyone
While not as complicated as the offerings of some mutual fund companies, Vanguard has long sold several different share classes to the public: "Investor" shares, "Admiral" shares, and ETF shares. While all three share classes hold the same underlying assets, they can have quite different expense ratios, with Investor shares the most expensive, and lower-cost Admiral and ETF … [Read more...] about Vanguard just made lower-cost Admiral funds available to (almost) everyone
Regulatory uncertainty, business confidence, and entrepreneurship
The driving force behind this site is promoting a culture of entrepreneurs and entrepreneurship. As I like to say: not everyone should be an entrepreneur because not everyone wants to be an entrepreneur, but a lot more people should be entrepreneurs than are currently entrepreneurs, and I'm here to do a little hand-holding along the way. On Tuesday night, I was thrilled … [Read more...] about Regulatory uncertainty, business confidence, and entrepreneurship