Investing for Tax-Efficient Portfolio Income

Tara Thompson Popernik (pictured) and Robert Dietz

With tax-exempt income from US municipal bond portfolios still near historic lows, investors spending from their portfolios can no longer get the income they need by simply increasing their allocation to high-quality, intermediate-duration bonds. As a result, many investors today are chasing yield into dangerous territory. (more…)


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What’s the Safest Investment Strategy?

Seth J. Masters and John McLaughlin

Many investors with little appetite for risk think cash is the safest asset class. After all, if you have no investments, you have no investment risk. That’s true enough, but it’s reassuring only if you ignore inflation and taxes.  And of course, most individuals do pay taxes and everyone experiences inflation. (more…)


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Draghi Sharpens “Three Arrows” for Europe

When the European Central Bank’s Governing Council convenes tomorrow in Frankfurt, there will be plenty of talk about Mario Draghi’s recent speech at Jackson Hole. Not only did this open the door to a large-scale quantitative easing (QE) programme, it may in time be seen as a pivotal moment in the evolution of the euro area’s policy framework as it attempts to fend off the forces of deflation. (more…)


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