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What is the rationale behind the advise of owning mutual funds for long term?


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2013 Feb 2, 4:41am   962 views  1 comment

by lserranov   ➕follow (0)   💰tip   ignore  

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

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1   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

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