Lux Investing
any benefit to investing in mutual funds that distribute income and gains?
understand that major disadvantage is the tax consequence. How important is getting money in your pocket vs. savings, retirement, etc??
Public Comments
- It depends on what your goal is. If you need the income that comes from those distributions, then its a great plan. A lot of retirees use this method to get a monthly income and leave their principal alone. If you're relatively young and you are investing for the future, I'd say leave it alone and let it continue to grow. That way when you do retire, it will be there for you and hopefully a lot larger sum than you started out with.
