Funds
Efficient
- Low-yield money market, cash, short-term bond funds
- Tax-managed stock funds
- Large-cap & total-market index
- Balanced index funds
- Small-cap or mid-cap index funds Value index funds
Place anywhere
Moderate
- Real estate or REIT funds
- High-turnover active funds
- High-yield corporate bonds
Inefficient
- Moderate-yield money market, bond funds
- Total-market bond funds
- Active stock funds
Place in Tax-Free or Tax-Deferred