A lot of people don't even know their tax bracket.
More Quotes from Duncan Richardson:
Investors who had been less aware of mutual fund taxes had a rude awakening in 2000, when many funds had low or negative returns but still paid out large taxable distributions. Many shareholders who, in the past, might have been dismissive about fund taxes were horrified to learn they will be paying taxes on fund investments on which they lost money last year.Duncan Richardson
Investors express concern about taxes and the tax implications of investing but are confused by a subject hat can become complicated very quickly.
Duncan Richardson
Taxes can be the single biggest cost of mutual funds.
Duncan Richardson
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