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3min chapter
MI270: How to Improve a 100% Stock Portfolio Using Return Stacking w/ Corey Hoffstein
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Tax Efficiency of Wisdom Tree
PIMCO thinks they can add value in picking bonds, right? They think they can pick individual bonds, add some alpha. So to them, they're saying the passive part we want to give you is in the equities. We want to be active in the bonds. Therefore every dollar you give us, we have to spend that dollar buying bonds and we're going to give you S&P 500 futures exposure on top. Let's pause there for a second and talk about the tax efficiency of that because it's absolutely horrendous. This is a horrible way to get equity exposure.
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