I am looking to open up an account for general long-term investing in etf/index/mutual funds (and an IRA). I already have an account with Fidelity for day/swing trading but I keep on reading that Vangaurd is more tax efficient than Fidelity so I was considering going with Vangaurd for long-term investments.
Question: I don’t quite understand how Vangaurd is more tax efficient than Fidelity. I have read that they even have patented funds. Also, does this tax efficiency make “a lot” of difference long-term?
Can someone smarter than me explain this please or point me to some articles? :)
Thanks in advance!
Reference: one article that has pointed this out which is still not clear to me https://www.financial-planning.com/opinion/vanguard-vs-fidelitys-zero-funds-on-fees-expense-ratios-and-tax-efficiency
Submitted October 31, 2018 at 09:09PM by millamb4 https://ift.tt/2F37j86
