“Have investors finally learned that past performance doesn’t guarantee future results?” This is a question posed by Jason Zweig, The Intelligent Investor, in the Wall Street Journal. He goes on to say investors are dumping mutual funds run by fallible stock pickers….
What does this mean for you? With the upcoming change in capital gains tax, investors are dumping their underperforming stock while the tax rate is still 15%. Companies are giving out bonuses early so they aren’t caught up in the new tax. Some are borrowing to pay the bonuses because the new tax rate is expected to be considerably higher. How will the fiscal cliff affect you?
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