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passme wrote:
^I did what Zerobonus did, but after the exam, I rethought the question and realized there weren’t any gains.
when government\s share of taxes lowers portfolio’s volatility, it lowers both losses and gains.
in this case, portfolio had loss, so the loss is lowered in taxable account.
A lower loss = higher return
-5% return is higher than -10% return, no? |
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发表于 2013-4-28 06:54
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