[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fsS3ILEfm-nnynEnyTBy_vwc_uMAYeJfwb4X1aPV53uw":3,"$fQEOb6Se4qNsQIAbAbVP2rF7Jygw6VJmTGTA53z0xPz4":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},180114,"Tom Roseen","T",8,null,"tom-roseen",[],{"quotes":13,"pagination":105},[14,27,38,49,60,72,83,94],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},2379126,"If managers find a diamond in the rough, good research pays off.",4,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[22],{"id":23,"tag":24},5360832,{"id":25,"tag_name":26},2228,"diamond",{"id":28,"quote_text":29,"author_id":5,"source_id":17,"has_image":18,"author":30,"source":31,"quote_tag":32,"commentary":9},2379113,"It's the magnitude of changes people are concerned about. If the Fed decides to tighten more aggressively, both in time frame and in magnitude, that could put a strain on the market as a whole.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[33],{"id":34,"tag":35},5360825,{"id":36,"tag_name":37},12154,"both",{"id":39,"quote_text":40,"author_id":5,"source_id":17,"has_image":18,"author":41,"source":42,"quote_tag":43,"commentary":9},2379104,"They are the people who have the ability to do asset allocation and diversify for us.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[44],{"id":45,"tag":46},5360811,{"id":47,"tag_name":48},1428,"ability",{"id":50,"quote_text":51,"author_id":5,"source_id":17,"has_image":18,"author":52,"source":53,"quote_tag":54,"commentary":9},2379077,"This is an area where people can look for current income, especially when they're in the upper tax brackets.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[55],{"id":56,"tag":57},5360794,{"id":58,"tag_name":59},11116,"area",{"id":61,"quote_text":62,"author_id":5,"source_id":17,"has_image":18,"author":63,"source":64,"quote_tag":65,"commentary":71},2379060,"The tax drag is just a really big issue. People just don't have it on their radar screen yet and they really should.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[66],{"id":67,"tag":68},5360766,{"id":69,"tag_name":70},38613,"drag","**The Backstory**\nTom Roseen, a renowned expert in the field of financial analysis, likely uttered these words during a time of growing concern over the impact of taxes on investment returns. The early 2000s saw a significant increase in the tax burden on investors, particularly with the introduction of the Affordable Care Act and other regulatory changes. As a result, Roseen was likely addressing the pressing issue of tax drag, which refers to the reduction in investment returns due to taxes.\n\n**The Hidden Insight**\nAt first glance, the quote may seem straightforward, emphasizing the importance of considering tax implications in investment decisions. However, the hidden insight lies in the phrase \"they really should.\" Roseen is not simply stating a fact; he's highlighting a cognitive bias that prevents people from prioritizing tax drag. The tension arises from the fact that investors often overlook tax implications due to a lack of awareness, despite the significant impact it has on their returns.\n\n**How to Use This**\nTo apply this mindset today, consider implementing a \"tax-aware\" approach to your investment strategy. This involves regularly assessing the tax implications of your investment decisions and seeking opportunities to minimize tax drag, such as tax-loss harvesting or investing in tax-efficient vehicles.",{"id":73,"quote_text":74,"author_id":5,"source_id":17,"has_image":18,"author":75,"source":76,"quote_tag":77,"commentary":9},2379045,"Concerns have been expressed by individuals associated with the charter schools that this project to open a high school may result in some sort of retaliatory action either by your board or district staff. These charter schools currently enjoy a good working relationship with the district, and we hope you join us in assuring them everything will be done to maintain that relationship without fear of retribution.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[78],{"id":79,"tag":80},5360747,{"id":81,"tag_name":82},1598,"action",{"id":84,"quote_text":85,"author_id":5,"source_id":17,"has_image":18,"author":86,"source":87,"quote_tag":88,"commentary":9},2379025,"People are saying, 'Okay, I'm ready to go play in the equity markets again.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[89],{"id":90,"tag":91},5360734,{"id":92,"tag_name":93},26632,"equity",{"id":95,"quote_text":96,"author_id":5,"source_id":17,"has_image":18,"author":97,"source":98,"quote_tag":99,"commentary":9},2379007,"Next year, I think the average equity fund will lose 1.5 (percentage points) of its return to taxes. If you don't like investing in funds that have an above-average expense ratio, I'm not sure why you'd want a fund with an above-average tax burden, at least not for an account where taxes are going to matter.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[100],{"id":101,"tag":102},5360724,{"id":103,"tag_name":104},4334,"account",{"currentPage":106,"totalPages":106,"totalItems":8,"itemsPerPage":107},1,10]