The average mutual fund has lost about 2.5 percent a year to taxes on dividends and capital gains. Most funds are managed without regard to taxes, but taxes are something that can be controlled. -Joel Dickson

 

The average mutual fund has lost about 2.5 percent a year to taxes on dividends and capital gains. Most funds are managed without regard to taxes, but taxes are something that can be controlled.


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This quote is just one of 9 total Joel Dickson quotes in our collection. Joel Dickson is known for saying 'The average mutual fund has lost about 2.5 percent a year to taxes on dividends and capital gains. Most funds are managed without regard to taxes, but taxes are something that can be controlled.' as well as some of the following quotes.

The average mutual fund has lost about 2.5 percent a year to taxes on dividends and capital gains. Most funds are managed without regard to taxes, but taxes are something that can be controlled.

Joel Dickson
303

You have some flexibility.

Joel Dickson
297
Say we have to sell shares of Cisco to match its standing in a particular index. We sell the shares we have with the highest cost basis. -Joel Dickson
247

This is a natural evolution of what we have long talked about at Vanguard -- that costs, broadly defined, are important in assessing funds' returns.

Joel Dickson
215

Distributions are no reason to panic, ... What you're doing if you sell is realizing all of your gains. You're selling your fund and you're creating a taxable event.

Joel Dickson
204
You've accelerated your liability. -Joel Dickson
171

These costs do add up over time.

Joel Dickson
161