3 Reminders About Year-End Mutual Fund Distributions
I wrote on Tuesday that I bought PIMCO CommodityRealReturn Strategy Fund D (PCRDX) on Dec. 5, 2008. It's a good segue to today's post. As luck had it, only a few days later, my jaw dropped when I saw the price of the fund dropped 25% in one day.
It turned out it was just some year-end distributions. You probably heard or read about the usual advice "don't buy a fund distribution" or more generically "don't buy a dividend." So how do fund distributions affect investors? What exactly is so bad about buying a distribution?
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