Advisor’s Edge Report: When is a 10% return better than an 11% return?
In the quest to grow wealth, many people believe they have to seek out the highest return possible. However, investors often overlook their real objective: to generate the most money after taxes. That’s why it’s difficult to believe that, over the long haul, you can actually become wealthier by owning a fund that generates a 10% annualized return with no turnover than one that has an 11% return and 100% turnover. Felix Narhi