Why Your Mutual Fund Doesn't Return as Much as You ThinkBut not so fast. Throughout the year, the manager of the average mutual fund commonly sells 92% of his fund's stocks in an attempt to boost returns. Who pays the capital gains taxes on his giddy trading activity? You do. In fact, you'll have to pay a higher, short-term tax rate on the gains from assets the manger held for less than a year. [More] | How To Beat The Mutual Fund Companies At Their Own GameBottom line is, use a well performing mutual fund during strong up trends and get over to the sidelines during trend reversals. (That's exactly what I did for my clients in October, 2001, and we retained the lion's share of their profits while Buy & Holders kept insisting the emperor was wearing new clothes.) Pretty soon you will feel that you are in charge of your financial destiny and any chosen mutual fund is merely a tool to bring you closer to your goals of maximizing your gain and minimizing your losses. [More] | How (NOT) to Buy Mutual FundsThis story begins during the height of the investment madness in 2000, just prior to the bear market. I had been managing an IRA account for "Bob" for around six years, with a better than average record of success. So I was surprised when Bob sheepishly called in July, 2000 to let me know he was transferring his IRA account, which had done particularly well during our latest Buy cycle going into the year 2000. [More] |
Most Recommended Personal Finance Books
In HelpYourMoney.com’s last set of interviews of over 20 personal finance bloggers, the fourth interview question was “If you had to recommend just one financial related book, what would it be?”Here are most of the replies to that question (conso.
The more you experience, the more you know! Using Real Estate To Create Incredible Wealth!
The more you experience, the more you know!
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