Dear Garden State Trust: I bought shares in a mutual fund last summer and now I’m getting a distribution of capital gains from the fund. Why? I don’t want that. Do I have to pay taxes on it? —Buyer and Holder Dear Buyer: Federal law requires mutual funds to distribute nearly all of their realized…
Month: December 2018
Holiday Spending
Holiday spending: It could be a new record! Why does the holiday spending season start after Thanksgiving, and why is it called Black Friday? Is it because: A. There was a market crash in gold in 1869 that cause financial distress to many. B. There was generally chaos in the streets of Philadelphia in the…