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Capital gains Quote by Burton Malkiel

“Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.” quote by Burton Malkiel
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“Index funds do not trade from security to security and, thus, they tend to avoid capital gains taxes.”

Burton Malkiel

About This Quote

Source Book: A Random Walk Down Wall Street, 1973

Index funds avoid frequent trading, reducing capital gains taxes.

In simple terms: Index funds lower tax burdens through passive investing.

Key Takeaway

Consider low‑cost index funds for tax efficiency.

Themes

investing taxation passive strategy

Mood

practical thoughtful

Type

financial educational

When to use this quote

  • retirement planning
  • tax‑advantaged accounts
  • wealth building

Key Concepts

efficient market hypothesis tax planning portfolio management

Questions to Reflect On

  • Do you prioritize tax savings over potential higher returns?
  • How does market timing affect index investing?
A Different Perspective

Market volatility still impacts returns.

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