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Fund year end distribution estimates ?
Old 10-17-2010, 03:08 AM   #1
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Fund year end distribution estimates ?

Any "crystal balls" on year end fund distributions ?

Looks like Fidelity will be posting "through September" estimates
Fidelity Investments
Interesting article -hopefully previous losses will keep 2010 distributions light...

While the stock market roared in the 1990s and in the middle of the last decade, investors in equity funds in taxable accounts paid hundreds of billions of dollars in capital gains taxes. In a few years, like 2000, investors were hit with a double-whammy: their funds lost value amid the overall market’s decline, but they still had to pay taxes on capital gains after fund managers sold stocks that had soared in previous years.

This year, the tax burden on mutual fund investors will be relatively light, because many fund managers still have substantial tax losses on their books from previous years that they can use to offset any capital gains accumulated in 2010.

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Old 10-17-2010, 12:17 PM   #2
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Thanks for the tip, although those "through September" estimates are not yet up.

This year, 2010, may be another year like 2003 when we had the flip side of 2000. In 2003, we had a rising market yet little or no cap gain distributions. In the Fidelity stock fund I was in, its NAV rose 25% but it had no cap gains distribution.

It took some doing, but with the help of a Fidelity rep a few years ago we were able to find within the fund's Annual Report the amount of the capital loss carryover. This gave me an idea of what was available to offset any cap gains for the current year.
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

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