Cash Needs
We hold cash in a portfolio primarily for .... and ....
What are fees and cash needs
How your investments are divided among various asset classes to reduce risk and potentially increase your returns.
What is asset allocation
Lowest tax rate on realized capital gains
What is 0%
The underlying cost of owning a mutual fund or ETF
What is expense ratio
The year CTWM was founded
2010
The default capital gains and dividend reinvestment selection method for CTWM
What is paid to cash
A tax-minimization strategy that takes advantage of different types of investments getting different tax treatments.
A strategy where you keep the money you’re investing — between tax-advantaged, tax-free and taxable accounts — in order to maximize after-tax returns
What is asset location
Fixed income investment that produces interest income that is generally free of federal tax liability.
What are Municipal Bonds
the lowest net ETF expense ratio is
What is 0.00%
This team left Connecticut and moved to North Carolina in 1997
Who are the Whalers
Its January 1st, a client is in distribution mode. How many months of cash should be in the account.
12 months
Investment that screens out certain areas like fossil fuels, alcohol, gambling, and tobacco
What is SRI
Client owns a corporate bond that yields 5.5% in their Roth IRA. The client is in the 35% tax bracket. What is the after tax yield of this bond?
5.5%
Mutual Fund tickers ends in this letter
What is X
When short term interest rates are higher than long term interest rates
What is an inverted yield curve
Investment that is compromised of debt securities with by short maturities and minimal credit risk, such as treasury bills, corporate paper, and repurchase agreements
What is a Money Market
What areas of the market does active management have a better chance of outperforming its passive benchmark?
What are inefficient asset classes (small caps, international, emerging markets, sector specific)
Fixed Income instrument that produces interest income that is taxed at federal level but not state level.
What are government debt obligations (e.g treasury bills)
Stock index that we use in our benchmarks, representing the investable universe of stocks.
What is ACWI
The best performing stock over the last 30 years
What is Monster Beverage
Protects against the loss of cash and securities held by a customer at a brokerage firm, such as Fidelity
What is SIPC
What is the average (arithmetic) annual return for this stock? Is the geometric return higher or lower?
What is 25% and lower
profit realized from the sale of an investment that has been held for less than 1 year is considered a ........ gain, which is taxed at the ...... tax rate
short term, ordinary income
What was the first ETF? Bonus point for what year it was launched?
SPY, 1993
First mutual fund was launched by this company. Bonus points for year.
What is Massachusetts Investors Trust, in 1924