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Do buffalo have elbows? I just wanted to make sure I could check my watch during the test.

It’s Mutual…Fund Taxation, That Is

It’s Mutual…Fund Taxation, That Is

“What about taxation of mutual funds?” Bart asked.

Shmooge nodded. “Well…mutual funds are financial animals, so I guess one would think that they would be pretty savvy as to what makes the best tax efficient sense as they operate. If you looked at the over 100% turnover in many funds’ portfolios, taking into account that all gains will be treated as short term perhaps you would beg to differ. And the story gets worse when you consider that most of those funds don’t even beat the S&P 500 in...

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