GLDM - 0.18 exp. ratio 'Gold minishares'
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- dualstow
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'
I mean Vanguard’s tax-managed stock funds. See VTMSX, for example.
Re: GLDM - 0.18 exp. ratio 'Gold minishares'
I assume this is directed to me...yes, Vanguard will be using various stock trading/management strategies to minimize taxes. There are quite a few strategies fund managers can use to manage taxes/distributions...I know some and I'm sure there are many I'm not aware of. For example, if you had company A that is a dividend producer vs. a like and kind (sort of) company B that does not issue dividends the manager would select B over A. Another method you are probably familiar with is tax loss harvesting.
I'm guessing you could read the prospectus and get a pretty good rundown on what they are doing specifically with regard to the fund noted.
If I misunderstood your intent, my apologies.
Re: GLDM - 0.18 exp. ratio 'Gold minishares'
Learned something new today...explains why ETF and Admiral share mngt fees are always the same.Desert wrote: ↑Tue Jul 10, 2018 10:56 am Kbg is correct that ETF's have a structural advantage regarding tax efficiency. Vanguard is an exception, however. They have a structure (patent protected until 2023) that allows the mutual fund to be as tax efficient as the ETF.
https://www.bogleheads.org/wiki/ETFs_vs ... uard_funds
- dualstow
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'
Aha. And it explains why so many B’Hds stick with fund shares.
Re: GLDM - 0.18 exp. ratio 'Gold minishares'
GLDM and AAAU are tied with respect to expense ratio, at 0.18%. Does anyone have an argument for why one is better than the other?
Re: GLDM - 0.18 exp. ratio 'Gold minishares'
Too early to say...need a quarter's worth of trading to see what happens.
If the first three days' trading for both is any indication clearly the early nod goes to GLDM.
If the first three days' trading for both is any indication clearly the early nod goes to GLDM.
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Re: GLDM - 0.18 exp. ratio 'Gold minishares'
AAAU is backed by the Perth Mint. But one might prefer their online depository so everything isnt vulnerable to a failure of your brokerage
Re: GLDM - 0.18 exp. ratio 'Gold minishares'
This. If you want it backed by the Perth Mint, you can do so directly without adding more counterparty risk with not only your brokerage, but also the fund family.boglerdude wrote: ↑Sun Aug 19, 2018 12:44 am AAAU is backed by the Perth Mint. But one might prefer their online depository so everything isnt vulnerable to a failure of your brokerage
GLDM has the same risks, as does any paper gold option.
Don't agree with me too strongly or I'm going to change my mind