What is the rationale behind the advise of owning mutual funds for long term?
invite response
2013 Feb 2, 4:41am 934 views 1 comment
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MsBennet
2013 Feb 2, 5:58am
MsBennet
2013 Feb 2, 5:58am
If you read this thoroughly you will have an understanding of how to invest wisely.
http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy
Hello,
I was reading and it looks to me that people advises that investing in mutual funds is a long term investment.
Can anybody please define what do they mean with long term? is it 3 months? 1 year? 3 years?
Suppose I own few mutual funds for few months and I made some money already (at least in what I see online), is there a tax implication which is deeper if I invest the money for shorter term than longer term?
Please assume that I don't know much on this matter, so please try to be as clear and explicit as possible.
Thanks a lot
Regards
Luis