So that's it! Is this forced selling causing big cap gains to be
paid off only quarterly? Strange though considering that I thought
the whole tax advantage of passive ETFs was that they didn't
actually sell anything!??? Perhaps it's different in the case of
short relatives (!) Anyone know or comprehend?
Hate to say it, cos of course he can't be expected to know
everything and his guidance is mostly excellent, but concerned
about this I asked Matt about this awhile back and he told me stuff
like paying other people's cap gains and dividends was
insignificant to a short term trader looking for quick gains.
Clearly not as it turns out if you're ultra short on the wrong day
after a deleveraging quarter!
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SDS cont.
Posted by kreem on 24th of Sep 2008 at 10:39 am
So that's it! Is this forced selling causing big cap gains to be paid off only quarterly? Strange though considering that I thought the whole tax advantage of passive ETFs was that they didn't actually sell anything!??? Perhaps it's different in the case of short relatives (!) Anyone know or comprehend?
Hate to say it, cos of course he can't be expected to know everything and his guidance is mostly excellent, but concerned about this I asked Matt about this awhile back and he told me stuff like paying other people's cap gains and dividends was insignificant to a short term trader looking for quick gains. Clearly not as it turns out if you're ultra short on the wrong day after a deleveraging quarter!