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Part: 3 Your Choice: If Mutual Funds, Then… > Remember, the Tax Man Cometh

Chapter 19. Remember, the Tax Man Cometh

Jonathan Clements, a columnist for The Wall Street Journal, recently wrote in one of his columns, “Actively managed funds, which have always struggled to beat the market, look even worse if you adjust their performance for taxes.”[1]

[1] See Jonathan Clements, “What Investors Should Do When Funds Get Too Taxing,” The Wall Street Journal, January 22, 2002, p. C1.

Paul Royce, Director of the Investment Management Division of the SEC, said in a press release, “Taxes can be the most significant cost of investing in a mutual fund.”[2]

[2] U.S. Securities and Exchange Commission, Press Release, January 19, 2000. Available at www.sec.gov/news/mfaftert.htm.


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