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MoneySense magazine Canadian Business magazine PROFIT magazine

indexing

  • Tax Efficiency of Index Funds

    By / Online only, 16/04/08 / 8

    Taxes have a huge impact on investment returns. The Bogleheads Guide to Investing cites a study by Charles Schwab that found that for the 30-year period from 1963 to 1992, $1 invested in U.S. equities would have grown to $21.89 in a tax-deferred account but only to $9.87 in a taxable account for a taxpayer [...]

  • Efficient Market Theory and Indexing

    By / Online only, 14/04/08 / 47

    A good definition of efficient markets can be found in a paper by Eugene Fama titled Random Walks in Stock Market Prices: An “efficient” market is defined as a market where there are large numbers of rational profit-maximizers actively competing, with each trying to predict future market values of individual securities, and where important current [...]