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Sometimes less really is more. In the case of the relatively new world of 351 exchange ETFs, it’s a matter of $1 million or more versus just $150,000. That latter is the new minimum Alpha Architect this week announced for its upcoming US E…
Where did the capital gains go? An ETF tax trick for wealthy investors has been snowballing this year. So-called 351 exchanges, which let investors transfer assets from other holdings in their portfolios and defer (or ultimately avoid) cap…