jbyoun1990 wrote:I want to invest in this index fund BEFORE New Years.... but this fund seems to do their distribution every 6 months: 1 during june and one like 12/31. I just don't want to invest right before 12/31 and then pay anything unnecessary.
jbyoun1990 wrote:So what you are saying is that if my money is in the mutual fund before the "ex-dividend date", I will receive the dividend and also be taxed for whatever that amount, correct?
If you hold the fund on the record date, you receive the dividend.
jbyoun1990 wrote:Also... (slightly off topic) it seems like everyone is telling me not to invest mutual fund other than a tax-advantage account such as an IRA.
I mean, true some IRAs have less withdraw restriction but I haven't found one yet that is as easy as just a regular account. I'm no expert so prove me wrong because I'm always learning
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