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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (212)1/4/2001 2:41:08 PM
From: Patrick Slevin  Respond to of 15481
 
Tax reasons?

Taking it out in January one has to claim the capital gain for 2000 on the typical December dividend but they would miss out on that dividend if they had closed out last month.

And they do not have to pay taxes this year on a withdrawal from last year. This may be a good thing if the monies have been there for many years.

And they may have a better tax situation now in 2001 if the tax laws ease a bit.

So there may be three reasons anyway.



To: Jorj X Mckie who wrote (212)1/4/2001 2:43:22 PM
From: Dana Johnson  Read Replies (1) | Respond to of 15481
 
I wonder what percent of mutual funds are held within tax advantaged accounts?

I think tax defered selling and general holiday gloom caused the 1/2/01 avalanche.


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