Taxes are often a sign of investment success — but how much of your return you actually keep depends on how tax-efficiently your portfolio is run. This Dimensional note makes a simple point we agree with: chasing zero taxes is the wrong goal; growing your after-tax, take-home return is the right one.
It’s a useful primer on why low-turnover strategies and control over when you realize gains can quietly add up — and why the ETF “wrapper” alone isn’t a guarantee of tax efficiency. A quick read for anyone weighing how their investments are structured.
Source: Dimensional Fund Advisors View the original ↗