Q&A: You Made a Money Mistake. Now What?
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Understanding Asset Management: FIFO vs. LIFO and Brokerage Insights
This chapter uses a fun analogy with Alvin, Simon, and Theodore to clarify the FIFO and LIFO methods in asset management. It discusses the importance of understanding asset sales in relation to capital gains and reviews the pros and cons of using Vanguard as a brokerage.
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