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To: The Barracuda™ who wrote (51569)	4/15/2000 11:32:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116759

don't you have to pay taxes annually on the phantom income you get from those bonds? Not if they're in your IRA. But even if they are in a non-IRA account, isn't that the cost of doing business? After all, those suckers who hold mutual funds find themselves paying capital gains each and every year when they receive their distributions. And this year they may have a loss on their funds AND still incur a tax liability. What's the difference? And btw, income from Bonds is certainly not "Phantom". If it were, I dare say the bond market would not exist in its current form. Regards, Ron