calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
If a person were to invest in a fund with low turnover, but substantial unrealized gains, say, one of the Vanguard Welly funds, isn't there a substantial risk of getting whacked with a huge tax bill for paper profits from which the new investor got no gain? Do those unrealized gains just keep building up until London bridge style they all fall down and crush the fund holders with monster tax bills? I'm just asking...