Wealth Taxes

As the Biden administration considers options to fund proposed spending, the possibility of a wealth tax continues to surface.  While there are no specifics, or bills in Congress, at this time, investors may want to consider some of the potential consequences, intended and/or unintended. It should be recognized that the idea of a wealth tax … Continued

Portfolio Liquidity and ETFs

In a recent Wall Street Journal article, Martin Zweig posited that ETFs, often dirt-cheap to own, can still be costly to buy and sell.  Mr. Zweig cites a study by Antti Petajisto, a portfolio manager at LMR Partners, a London based hedge fund, who looked at about 1,800 ETFs from 2007 to 2014 and concluded … Continued