Plus, I should again
stress longer holding periods can
be a
huge advantage (not just in terms of taxes): Generally, the better the company / investment, the longer you end up holding it — and if you hold a stock for 5 - 7 yrs +, for example, the broker fee to buy & to sell
is obviously pretty irrelevant when you «spread» it over the entire period (& far cheaper than the annual / cumulative fees you'd pay on an investment fund).