The Perfect Portfolio · Bonus chapters
Keep Building Your Perfect Portfolio
Go deeper with three bonus chapters from The Perfect Portfolio, covering what you own, how you own it, and what to do when a tax bill makes change difficult. Enter your email address to download all three bonus chapters.
What you'll learn
Three chapters that go deeper than the book had room for.
Why Individual Stocks Are Riskier Than You Think
Picking stocks creates two risks: owning companies that disappoint and missing the exceptional winners. Learn why the typical stock performs so differently from the market—and how diversification helps you participate without having to predict the next Nvidia.
Mutual Funds vs. ETFs vs. SMAs
Similar investments can create very different ownership experiences. Understand how mutual funds, ETFs, and separately managed accounts compare on taxes, costs, convenience, and customization—and when added control is worth the added complexity.
Tax-Efficient Diversification Strategies
Have an appreciated stock or an old fund you’d like to move out of? Explore choices ranging from gradual sales and charitable gifts to specialized strategies. Learn what each requires, what you give up, and when simply paying the tax may be the better decision.