Quotations
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Duncan Richardson Quotes
«Taxes can be the single biggest cost of mutual funds.»
Author: Duncan Richardson
«A lot of people don't even know their tax bracket.»
Author: Duncan Richardson
«But they don't have a clue as to what to do about them.»
Author: Duncan Richardson
«Investors who had been less aware of mutual fund taxes had a rude awakening in 2000, when many funds had low or negative returns but still paid out large taxable distributions. Many shareholders who, in the past, might have been dismissive about fund taxes were horrified to learn they will be paying taxes on fund investments on which they lost money last year.»
Author: Duncan Richardson
«Investors express concern about taxes and the tax implications of investing but are confused by a subject hat can become complicated very quickly.»
Author: Duncan Richardson
«Up to a quarter of an investor's return can be surrendered to Uncle Sam, and in a low-return environment like we experienced last year that can be meaningful. I'm patriotic, but you should not pay too much in taxes if you don't have to.»
Author: Duncan Richardson