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WCI #258: How to Set Up a Budget, and Why It Can Be So Valuable

White Coat Investor Podcast

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What You Need to Know if You Own Mutual Funds

If you own mutual funds that are actively managed, then whenever those active managers do trades and sell something, the sale of the equity in that fund are passed on to the investors. You got to pay on every capital gains, every qualified dividend, etc. If you're into tax loss harvesting, be advised that if you do not hold an investment for at least 60 days around the time a dividend is paid, that dividend becomes non-qualified. There is a course out there put together by my friend Peter Kim at passive income MD called passive real estate academy.

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