|
NEW YORK (AP) - Investors itching to take part in the stock market's recent run-up should watch out when investing in a mutual fund that they aren't also buying into a tax liability now that 2006 has entered its final months.
A seemingly good investment could leave investors with lower-than-expected returns initially and a hefty tax bill if they fail to pay attention to the date on which a mutual fund makes payouts to shareholders.
Wilma Hayes, a financial adviser at H&R Block Inc., said most investors should avoid putting money into a fund before its distribution date has passed.
|