Which statement best describes asset location strategy?

Which statement best describes asset location strategy?

• A. Place high turnover, tax-inefficient assets in tax-deferred accounts and tax-efficient assets in taxable accounts.
• B. Place high turnover, tax-inefficient assets in taxable accounts.
• C. Place all assets in tax-advantaged accounts regardless of type.
• D. Place assets in accounts based solely on liquidity needs.

Answer: (A)