Portfolio Strategies, Tax, and Retirement Plans

Free NASAA Series 65 (Uniform Investment Adviser Law Examination) lesson in Client Investment Recommendations and Strategies. 24 min read, ~3,564 words.

Asset allocation is the single biggest driver of long-term returns. Strategic = long-term targets. Tactical = short-term deviations. Dollar-cost averaging lowers average cost per share. It works because fixed dollars buy more shares when prices drop. Capital gains: held over 12 months = long-term (0/15/20%). Held 12 months or less...

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