You: Pay taxes on losing investments? That sounds counterintuitive.
It is counterintuitive.
But it is what can happen and is likely to happen to many mutual fund holders this year as reported by The Wall Street Journal earlier this week.
You: What? I own some mutual funds. I’m going to owe taxes on them even though they’re [...]
You: Which funds should I pick?
You: In my 401(k) account. . .I have like a dozen funds to choose from. Which ones should I pick?
I can’t give you specific investment advice.
You: Right. I knew that. Well, then, how can I pick the right funds?
There aren’t any “right” funds.
You: Okay, I think you’ve got [...]