December is mutual fund tax time, when funds pay out year-end capital gain distributions.
At the beginning of the month, we addressed the year-end tax issues specifically related to the recent trades we did in many of our model portfolios.
Now that most funds have released year-end capital gains estimates and record dates, we have been able to create our <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">annual year-end tax report</a> for all the funds in our model portfolios. Please download the PDF for estimates (and dates) of the distributions. Also, check out our guide to year-end tax issues for advice, tips, and tricks related to year end fund distributions.
Looking over the current holdings in our Powerfund Portfolios we can say few funds are paying out any egregious dividends. Considering how big a year it was for stocks, this is good news. The worst offender is the ICON Healthcare fund (ICHCX) in our Safety portfolio, laying down a distribution of about 7.4% of NAV. However, all of it is long-term capital gains, which is taxed at a low rate. The next worst offender is Janus Research (JARFX), a new holding.
One reason 2006 year end distributions aren’t more painful is that some of these funds have been bringing in new money, which waters down existing gains to new shareholders.
We also tend to focus on out-of-favor funds, some of which are out-of-favor because they lost money a few years ago, and won’t have to pay distributions for some time because of the tax-loss carryforwards. Japan funds fall under this category.
Finally, we try to sell funds that post big gains (like Artisan International Small Cap (ARTJX), up almost 200% since we bought it) before they pay out big distributions.
Download the annual year-end tax report by <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">clicking here</a. Note: Our tax reports are released as Adobe PDF documents. If you don't have Adobe Acrobat Reader installed on your computer, you can download it by <a href="http://www.adobe.com/products/acrobat/readstep2.html">clicking here</a> (its free).
December is mutual fund tax time, when funds pay out year-end capital gain distributions.
At the beginning of the month, we addressed the year-end tax issues specifically related to the recent trades we did in many of our model portfolios.
Now that most funds have released year-end capital gains estimates and record dates, we have been able to create our <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">annual year-end tax report</a> for all the funds in our model portfolios. Please download the PDF for estimates (and dates) of the distributions. Also, check out our guide to year-end tax issues for advice, tips, and tricks related to year end fund distributions.
Looking over the current holdings in our Powerfund Portfolios we can say few funds are paying out any egregious dividends. Considering how big a year it was for stocks, this is good news. The worst offender is the ICON Healthcare fund (ICHCX) in our Safety portfolio, laying down a distribution of about 7.4% of NAV. However, all of it is long-term capital gains, which is taxed at a low rate. The next worst offender is Janus Research (JARFX), a new holding.
One reason 2006 year end distributions aren’t more painful is that some of these funds have been bringing in new money, which waters down existing gains to new shareholders.
We also tend to focus on out-of-favor funds, some of which are out-of-favor because they lost money a few years ago, and won’t have to pay distributions for some time because of the tax-loss carryforwards. Japan funds fall under this category.
Finally, we try to sell funds that post big gains (like Artisan International Small Cap (ARTJX), up almost 200% since we bought it) before they pay out big distributions.
Download the annual year-end tax report by <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">clicking here</a. Note: Our tax reports are released as Adobe PDF documents. If you don't have Adobe Acrobat Reader installed on your computer, you can download it by <a href="http://www.adobe.com/products/acrobat/readstep2.html">clicking here</a> (its free).
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December is mutual fund tax time, when funds pay out year-end capital gain distributions.
At the beginning of the month, we addressed the year-end tax issues specifically related to the recent trades we did in many of our model portfolios.
Now that most funds have released year-end capital gains estimates and record dates, we have been able to create our <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">annual year-end tax report</a> for all the funds in our model portfolios. Please download the PDF for estimates (and dates) of the distributions. Also, check out our guide to year-end tax issues for advice, tips, and tricks related to year end fund distributions.
Looking over the current holdings in our Powerfund Portfolios we can say few funds are paying out any egregious dividends. Considering how big a year it was for stocks, this is good news. The worst offender is the ICON Healthcare fund (ICHCX) in our Safety portfolio, laying down a distribution of about 7.4% of NAV. However, all of it is long-term capital gains, which is taxed at a low rate. The next worst offender is Janus Research (JARFX), a new holding.
One reason 2006 year end distributions aren’t more painful is that some of these funds have been bringing in new money, which waters down existing gains to new shareholders.
We also tend to focus on out-of-favor funds, some of which are out-of-favor because they lost money a few years ago, and won’t have to pay distributions for some time because of the tax-loss carryforwards. Japan funds fall under this category.
Finally, we try to sell funds that post big gains (like Artisan International Small Cap (ARTJX), up almost 200% since we bought it) before they pay out big distributions.
Download the annual year-end tax report by <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">clicking here</a. Note: Our tax reports are released as Adobe PDF documents. If you don't have Adobe Acrobat Reader installed on your computer, you can download it by <a href="http://www.adobe.com/products/acrobat/readstep2.html">clicking here</a> (its free).
December is mutual fund tax time, when funds pay out year-end capital gain distributions.
At the beginning of the month, we addressed the year-end tax issues specifically related to the recent trades we did in many of our model portfolios.
Now that most funds have released year-end capital gains estimates and record dates, we have been able to create our <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">annual year-end tax report</a> for all the funds in our model portfolios. Please download the PDF for estimates (and dates) of the distributions. Also, check out our guide to year-end tax issues for advice, tips, and tricks related to year end fund distributions.
Looking over the current holdings in our Powerfund Portfolios we can say few funds are paying out any egregious dividends. Considering how big a year it was for stocks, this is good news. The worst offender is the ICON Healthcare fund (ICHCX) in our Safety portfolio, laying down a distribution of about 7.4% of NAV. However, all of it is long-term capital gains, which is taxed at a low rate. The next worst offender is Janus Research (JARFX), a new holding.
One reason 2006 year end distributions aren’t more painful is that some of these funds have been bringing in new money, which waters down existing gains to new shareholders.
We also tend to focus on out-of-favor funds, some of which are out-of-favor because they lost money a few years ago, and won’t have to pay distributions for some time because of the tax-loss carryforwards. Japan funds fall under this category.
Finally, we try to sell funds that post big gains (like Artisan International Small Cap (ARTJX), up almost 200% since we bought it) before they pay out big distributions.
Download the annual year-end tax report by <a href="http://maxadvisor.com/newsletter/reports/MAX.2006.distribution.pdf">clicking here</a. Note: Our tax reports are released as Adobe PDF documents. If you don't have Adobe Acrobat Reader installed on your computer, you can download it by <a href="http://www.adobe.com/products/acrobat/readstep2.html">clicking here</a> (its free).