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Michael McClary - 1 Bryan Armour - 1 Armour - 1 McClary - 1 Morningstar - 1 Michael Iachini - 1 Charles Schwab - 1 Morningstar's - 1
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Search resuls for: "Christopher J. Day"


2 mentions found


☆ 4 top reasons why exchange-traded fund growth has ballooned
  + stars: | 2024-10-01 | by ( Greg Iacurci | Christopher J. Day | Founder Of Days Global Advisors | ) www.cnbc.com   time to read: +7 min
On a more micro level, many ETF investors can sidestep the fund-level capital gains taxes incurred by many investors who own mutual fund shares, experts said. However, mutual fund managers can also generate capital-gains taxes within a fund itself when they buy and sell securities. Costs are lowThe first ETF was an index fund: the SPDR S&P 500 ETF Trust (SPY ). Index funds, also known as passively managed funds, track a market index like the S&P 500 . Investors have equated ETFs with index funds since their inception, even though there are also index mutual funds, experts said.
Persons: Michael McClary, Bryan Armour, Armour, McClary, Morningstar, Michael Iachini, Charles Schwab, Morningstar's, they're, Michael M Organizations: Getty, Exchange, Morningstar, Valmark Financial, Investors, North America, Trust, Financial, Retail, McKinsey, SEC, Securities, Exchange Commission, Stock, New York Stock Exchange, Santiago
☆ Some investors can 'capital gain harvest' to avoid year-end mutual fund payouts, advisor says
  + stars: | 2024-10-01 | by ( Kate Dore | Cfp | Christopher J. Day | ) www.cnbc.com   time to read: 1 min
If you're bracing for year-end mutual fund distributions, swapping assets for exchange-traded funds could sidestep the capital gains payout for 2024 and beyond. Some mutual funds distribute yearly capital gains to shareholders, typically in November and December. By comparison, most ETFs don't have an annual payout, which helps reduce ongoing taxes. Typically, investors incur capital gains when trading profitable mutual funds for ETFs in a brokerage account. Depending on their income, certain investors can "capital gain harvest" — strategically selling profitable assets while in a lower tax bracket — to swap mutual funds for ETFs, said Tommy Lucas, a certified financial planner and enrolled agent at Moisand Fitzgerald Tamayo in Orlando, Florida.
Persons: Tommy Lucas, Moisand Fitzgerald Tamayo Locations: Orlando , Florida
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