At the end of october I bought a mutual fund. That fund has grown 27% since then. But I wasn't fully aware of the disbursement issue. This fund has done very well this year (>100% growth). I am worried that the cap gains I will have to pay on the yearly growth of that fund with be really large. So it seems obvious that I should sell the fund before the disbursement and just take my 27% shortterm gain. Except that seems too obvious? What am I missing here.