The delta between my ordinary income tax rate 39.6% andthe new long term cap gains of 20% percent is too compellingto ignore. Isn't it true that if a mutual fund has high turnover it exposes its holders to taxes at 39.6%, forgains the fund has on assests held less than 1 year?Am I shortsighted in focusing on funds with low expenseratios and low or no turnover? Where would one obtainiformation on such funds? Is SPY likely to do the job aswell as any other fund?Thank you
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