haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I have a small investment in AFBIX, a bear junk bond fund. Meaning that as prices on a basket of junk go down, this fund goes up.
It is not cheap but not too bad and I would like to explore these bear funds more thoroughly. If I get a long term capital gain on this holding, will it be taxed as a long term capital gain?
If I sold short a junk ETF and had a gain, I would have to pay at short term rates regardless of how long my short had been outstanding. OTOH, if I had a profitable put that went long term, I would get LT capital gains rates.
Anyone know the skinny on these bear funds, or where I might find out about this aspect?
Ha
It is not cheap but not too bad and I would like to explore these bear funds more thoroughly. If I get a long term capital gain on this holding, will it be taxed as a long term capital gain?
If I sold short a junk ETF and had a gain, I would have to pay at short term rates regardless of how long my short had been outstanding. OTOH, if I had a profitable put that went long term, I would get LT capital gains rates.
Anyone know the skinny on these bear funds, or where I might find out about this aspect?
Ha