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Here’s the 1st round of Yahoo’s latest mock draft sorted by difference in overall assist-to-turnover ratio vs half court A/TO Caleb Wilson has a higher HC A/TO than Boozer, Dybantsa, and Peterson CW is turnover averse + on time/target within structure and has potential for more

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Dave Ramsey on investing $150,000 outside retirement accounts without getting crushed by taxes: A caller named Steve asked Dave how to invest $150,000 outside of retirement accounts. Dave's answer revealed a tax strategy most investors overlook. Dave starts with his two foundational rules: "Rule number one is you don't want to do it unless you understand it. Rule number two is you put somebody in your life that has the heart of a teacher." Then he gets into the real problem with investing outside retirement accounts: "I personally invest, Steve, inside my retirement accounts in four types of mutual funds: Growth, growth in income, aggressive growth and international. Outside of retirement accounts, those funds all create taxes each year as they grow. That's a problem." His solution? Low turnover ratio mutual funds. Dave explains the concept using a rental property analogy: "If you buy a rental house for $200,000 and it goes up in value to $300,000 and you still own it, you do not owe taxes on that 100,000 in growth because you've not sold the house… So, you've got capital gains growth, but you don't have any taxes because you've not sold it." The same principle applies to stocks: "If a share of stock goes from $50 to $70, you don't pay taxes on that $20 gain until you sell it. Same is true inside a mutual fund." Here's where the turnover ratio comes in: "The turnover ratio is when they sell the stock inside the mutual fund. If it has a 90% turnover ratio, that means almost all the stocks get sold every year. And so all those gains are going to be taxable every year. If they have a 5% turnover ratio, which is a low turnover ratio, that means you're not going to pay taxes on the increase in value until you sell the mutual fund cuz they aren't selling the stocks inside the mutual funds hardly at all." The target number Dave gives: "You want an under 10% turnover ratio. Because anything that turns over the gain is they're going to send you a tax bill on the gain every year." Here's a shortened version: The takeaway: Outside of retirement accounts, how often a fund trades matters more than what it holds. High-turnover funds create a tax bill every year. Low-turnover funds let your money compound quietly until you sell.

Black Edge

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