Comments for Moneytology http://www.moneytology.com What They Should Have Taught Us About Money in School but Didn't Mon, 25 Jul 2011 05:11:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on FICO 08: New rule for FICO score announced by Alexander7 http://www.moneytology.com/2009/02/06/fico-08-new-rule-for-fico-score-announced/comment-page-1/#comment-17 Alexander7 Mon, 25 Jul 2011 05:11:57 +0000 http://www.moneytology.com/?p=328#comment-17 <strong><b><a href="http://www.trustedpillspot.com/?ml=buy-generic-LEVITRA buy@generic.LEVITRA" rel="nofollow">...</a></b>...</strong> Need cheap generic LEVITRA?... buy@generic.LEVITRA” rel=”nofollow”>……

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]]> Comment on What the heck is an ETF? by Landon Santos http://www.moneytology.com/2008/12/14/what-the-heck-is-an-etf/comment-page-1/#comment-3 Landon Santos Wed, 07 Jan 2009 02:48:41 +0000 http://moneitology.com/?p=7#comment-3 Doc, nice overview. Just a side note, all ETFs are required by the Internal Revenue Code to distribute substantially all of their income and capital gains to shareholders at least annually. Often times distribution declarations and the ex-date are almost on top of one another. In other words, investors have little or no time to react once a dividend distribution is announced. (ProShares did this just two weeks ago) All distributions are taxable, it does not require you to sell your shares to incur the tax liability. Take, for example, SDS (an ultra short of the S&P 500). SDS went from $87.44/share on Dec. 22 to $77.43/share on Dec. 23 due to a distribution. You technically did not lose $10/share in one day, you just received it as a distribution, which is taxable despite the fact that you did not sell anything and may have even re-invested the distribution back into the ETF. This is why purchasing ETF's in December (and sometimes June) is particularly dangerous. Doc, nice overview. Just a side note, all ETFs are required by the Internal Revenue Code to distribute substantially all of their income and capital gains to shareholders at least annually. Often times distribution declarations and the ex-date are almost on top of one another. In other words, investors have little or no time to react once a dividend distribution is announced. (ProShares did this just two weeks ago)

All distributions are taxable, it does not require you to sell your shares to incur the tax liability. Take, for example, SDS (an ultra short of the S&P 500). SDS went from $87.44/share on Dec. 22 to $77.43/share on Dec. 23 due to a distribution. You technically did not lose $10/share in one day, you just received it as a distribution, which is taxable despite the fact that you did not sell anything and may have even re-invested the distribution back into the ETF.

This is why purchasing ETF’s in December (and sometimes June) is particularly dangerous.

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