Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: James F. Hopkins who wrote (27474)	9/16/1998 8:25:00 AM
From: Tom M	Read Replies (1) of 94695

Jim/all, found some info on the significance of the Oct 31 Fund date in this Sunday's Barrons: "As losses widen for many funds, some investors will get another nasty surprise October 31. That's the day most fund companies close out their tax year and decide how much they'll pay out in capital-gains distributions. When that happens, many investors will have to pay big capital-gains taxes - even if their fund holdings are down for the year." Jim, I'm still interested if your contact had more to add on the date thing. With OCt 31 soon approaching, I'd expect them to sure try to get the prices up, but only for a big selloff. anyone have any thoughts on this? Tom

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