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- 注册时间
- 2011-5-26
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- 2012-9-12
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2#
发表于 2011-7-11 19:31
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I'll summarise my understanding here:
In order to have a completely diversified portfolio under the "completion portfolio" method
-- the low basis stock will slowly be liquidated
-- as liquidation will result in tax consequences, other assets will be necessary to offset the high profits -- essentially, you'll have to offset tax effects
-- liquidation will take time to achieve, so its slow
-- not sure whether it's actively managed -- the low basis is liquidated for a diversified
portfolio, so don't think its "actively managed" in the sense that the completion will have unsystematic risk exposures
-- you don't need other people for the same stock, that arises in a private exchange fund if I remember correctly |
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