# Penny Wise?

Page: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/penny-wise
Text version: https://stenobird.com/podcast/talking-real-money-investing-talk-201087/penny-wise.md
Podcast: [Talking Real Money - Investing Talk](https://stenobird.com/podcast/talking-real-money-investing-talk-201087)
Published: 2026-06-18T16:00:00+00:00
Episode link: https://www.buzzsprout.com/2607021/episodes/19349611-penny-wise.mp3
Audio file: https://www.buzzsprout.com/2607021/episodes/19349611-penny-wise.mp3
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JSON: https://stenobird.com/v1/public/podcasts/talking-real-money-investing-talk-201087/episodes/penny-wise
Duration seconds: 1691

## Resource

Don and Tom take on one of investors’ biggest blind spots: focusing on tiny costs while ignoring the factors that have a far greater impact on long-term wealth. Using a recent Jason Zweig article as a springboard, they explain how taxes can reduce stock market returns far more than the difference between low-cost fund expense ratios. The discussion covers tax-efficient investing, asset location, ETFs versus mutual funds, dividend taxation, capital gains, and why investors should pay more atte...

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## Transcript

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