People will feel they did not make a lot of money (this year), and yet they may well see some significant capital gains taxes due on their funds holdings.
More Quotes from Don Cassidy:
It shouldn't be a surprise. A company that consistently raises its distribution is a company that's doing fairly well.Don Cassidy
The success of gold and real estate funds indicates people expect inflation, which is probably not good for the economy and the market because interest rates will rise. And the fact that three-quarters of recent new money has been flowing into world funds, rather than domestic funds, is not a vote of confidence for the U.S. stock market.
Don Cassidy
It's a tough area to get information on. Even if you call your broker, it's not likely the thing they're best informed on.
Don Cassidy
While roughly two-thirds of U.S. diversified equity portfolios are managed by more than one person, starting last February, they can no longer say 'team managed.' They have to name the people managing the fund.
Don Cassidy
If you're saying, 'I think this year China, or Japan, is the winning place,' well, you have to agonize over that decision more if you're choosing among mutual funds. And while you may not go into an ETF saying, 'I'm going to trade this thing,' if avian flu breaks out, you can be out of there in 20 minutes. So that takes some pressure off.
Don Cassidy
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Based on Topics: Money & Wealth Quotes, People QuotesA cynic is a man who, when he smells flowers, looks around for a coffin.
H. L. Mencken
Write in recollection and amazement for yourself.
Jack Kerouac
I have my own religious bond with the God in my own head.
Joe Eszterhas