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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (61498)	6/5/1999 2:00:00 PM
From: Knighty Tin	Respond to of 132070

Ramsey, 1. Yes, you pay taxes on what the fund buys and sells, at least to the point where they distribute capital gains. And, of course, you pay taxes on the dividend income. The worst thing is, you could pay cap gains taxes when you had a loss in your portfolio, as you may have bought AFTER the fund made capital gains in certain stocks, but before it distributed them. 2. Both CC and BBY set awfully low goals on PCs and both have deemphasized them. I think they simply beat reduced expectations in that area. I know that it is not reflective of a pickup in retail sales. Of course, if they are just counting units, it could be good news. But revenues are pretty puny.