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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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  • beebee
    edited May 2018
    Hold S&P 500 for 10 years...20 years...not 10-20 minutes
    “The S&P 500 Index Fund is the one to use. That’s the one I used in that bet I made for ten years. It’s the one I’ve told the trustee for my wife to put 90% of the funds I leave her in to.”
    90% of investors should hold index funds...the rest should own BHK-B (hard to afford A shares). BHK-B stock is like a concentrated fund with no ER.
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  • beebee
    edited May 2018
    @Maurice, not if she inherits these shares upon death that might reside in his taxable account...stepped up basis would avoid his capital gains (tax consequences). This is where death and (capital gains) taxes die together. We should all be so lucky.
    What is 'Step-Up In Basis'

    Step-up in basis is the readjustment of the value of an appreciated asset for tax purposes upon inheritance, determined to be the higher market value of the asset at the time of inheritance. When an asset is passed on to a beneficiary, its value is typically more than what it was when the original owner acquired it. The asset receives a step-up in basis so that the beneficiary's capital gains tax is minimized.
  • @Maurice & @bee,

    Well ... perhaps so ... perhaps not. I'm thinking some trust accounts don't get step ups?
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