Global economic policy makers are now fully engaged with short term desperate measures. It is crucial that investors understand how far policy has moved into the twilight zone. Markets no longer have much if any relation to underlying fundamentals. This video does a great job of describing what is now driving security prices:
link to article
Tax-Efficient Investing: How the Right Strategy Saves You Hundreds of Thousands
Effective compounding and tax minimization are not competing goals. They reinforce each other. The discipline that drives superior long-term compounding uses aggressive risk management to minimize drawdowns and so also
