Jim, Should I Hold On To A Mutual Fund To Save On Capital Gains?
Jim, I have a mutual fund that I really would like to sell since I am trying to get completely out of the stock market right now. My broker is trying to get me to hold the fund since if I sell, it will trigger capital gains taxes, is this true? First, most financial decisions should not be made solely on the basis of tax consequences. This becomes the proverbial “tail wagging the dog”. Tax consequences should be considered as an overall part of the equation when deciding to sell an investment subject to capital gains, but not the only... Read more →