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To: Enigma who wrote (75600)8/28/2001 12:02:41 AM
From: Stephen O  Respond to of 116762
 
Another reason to avoid mutual funds.



To: Enigma who wrote (75600)8/28/2001 2:26:15 AM
From: Don Lloyd  Read Replies (1) | Respond to of 116762
 
N K -

...but it is the unit holder who pays the tax. ...

This is precisely why the mutual fund does take losses to try to offset gains. A fund that is going to distribute taxable gains to its shareholders is unattractive to either buy or hold, especially late in the tax year.

Regards, Don


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