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Author: beachguy75 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19221  
Subject: paying too much on taxes?? Date: 6/22/2000 12:41 PM
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I am a new fool who has been following the market for about 5 years. I'm only 24, but my question is on behalf of my grandmother. We were having dinner last night and she was showing me her 6 month report on her mutual fund investments from her financial advisor. She felt that she has been paying too much on taxes over the last few years and was asking me why. I know that when you sell shares of stocks, you will be taxed on the gains even if reinvest in other stocks. Is this the same for mutual funds? Her advisor moves her money around almost monthly, but always stays in the same fund family (I don't agree with his choices, but that's another story). Will she be taxed on gains from each time shares are sold to buy shares in another fund? Any assistance will help. thank you.


Having fun in the sun,
Beachguy75
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