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Step 7: Silent Partners

Step 7: Silent Partners

“It is difficult to systematically beat the market. But it is not difficult to systematically throw money down a rat hole by generating commissions (and other costs).” – Michael C. Jensen, Ph.D., Harvard University, Forbes Magazine, 1984

“Fund returns are devastated by costs, taxes and inflation.”… “The miracle of compounding returns is overwhelmed by the tyranny of compounding costs.” – John Bogle, The Little Book of Common Sense Investing, 2007

“For the taxable investor, indexing means never having to say you’re sorry.” – William Bernstein, Ph.D., M.D., The Intelligent Asset Allocator, 2002

“It’s not brains or brawn that matter in taxable investing; it’s efficiency. Taxable investing is a loser’s game. Those who lose the least — to taxes and fees — stand to win the most when the game’s all over.” – James P. Garland, President, The Jeffrey Company, 1997

Index Funds: The 12-Step Recovery Program for Active Investors  

This book reveals the potential land mines and pitfalls of active investing and educates readers on the benefits of passive investing with i...

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