It's been a year with my mutual fund.
Pic related is its performance.
What do I do?
My money is stagnant. May as well have left it in my checking account. In fact, if I pull it, I have to pay taxes on it as income.
The whole reason I put my cash in this was for steady, low, no worries income. I have lost money, essentially.
>if I pull it, I have to pay taxes on it as income.
I don't think you know how taxes work.
>>1138311
Interesting it looks like your mutual fund tanked right around the time ETH exploded. Coincidence?
>.7 expense ratio
Also you write it as loss
Just hold you faggot
>>1138311
>mfw you pay managers a premium to lose your money for you
Mutual funds are meant to be held for the long run OP.
>>1138319
Yeah.. He'd actually get to claim it against his taxable income as a loss
more like capital depreciation fund
that's what you get for buying trash
Looks like some delicious capital losses to harvest.
>>1138311
Tax loss harvesting is the practice of selling a security that has experienced a loss. By realizing, or "harvesting" a loss, investors are able to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining the optimal asset allocation and expected returns.
>>1138760
dafuq is AUM and mm fees?
>>1138831
>>1138865
Which are limited to $3,000 per year until the loss is used up.
You lost $3,000 actual dollars. And the taxes it saves you is only the equivalent of your effective tax rate. Even if you're in the 25% tax bracket, you lost $3,000 to save $750 on your tax return (if you generated a tax liability).
But >>1138690 is right. Mutual funds are meant to be held for the long run.
