Tax-Aware Investment Management: The Essential Guide (Bloomberg Professional) Book

Investment returns are uncertain, especially in today?s economic environment. but taxes are a sure thing.

That?s one reason why tax-aware investment management is essential for building and maintaining wealth.

In this comprehensive, groundbreaking book, Douglas S. Rogers, CFA, explains why many accepted investment strategies and techniques developed for tax-exempt institutional investors don?t work for individuals who are subject to taxes. They will end up with substantially lower after-tax returns simply because their portfolios are not structured or managed with tax obligations in mind.

This book shows:

* How to measure and compare the tax-efficiency of mutual funds, hedge funds, and individual investment managers. * How the widely used style-box matrix can prove detrimental to after-tax investment returns. * How to minimize taxes on stock and bond portfolios and employ sophisticated strategies for offsetting gains against losses. * How to decide which asset categories should be placed in tax-deferred accounts such as IRAs and which should be placed in regular taxable accounts. * How to incorporate tax-aware techniques and insights into all facets of investment planning, portfolio management, and estate planning.