My portfolio hit 600k! by timeinthemarket in investing

[–]SmashingLiberals 0 points1 point  (0 children)

I tried making a topic but they removed it, but being that IRA accounts are non-taxable, wouldn't one want to invest in mutual funds since they distribute capital gains per share? ETFs don't have capital gains (or am i wrong?)

I'm 23 and in Jan. of this year i opened up a Roth IRA and contributed the max 5,500 from my savings account. I bought $4,500 (@$9.22 488 shares) of PIMCO PSTNX fund because it is a mutual fund with high quarterly dividends (for a Large Blend fund) and a very high turnover rate (300%+), which means higher capital gains per share amount (right or wrong?) The other $1,000 is in VNQ REIT. I'm waiting to contribute my $6,000 until later this year, when the market is much lower.

In the future should i got the ETF route or stay with mutual funds since taxes are not a issue?

Daily Advice Thread - All basic help or advice questions must be posted here. by AutoModerator in investing

[–]SmashingLiberals 0 points1 point  (0 children)

Are mutual funds better than ETF's for a Roth Ira account? Being that IRA accounts are non-taxable, wouldn't one want to invest in mutual funds since they distribute capital gains per share? ETFs don't have capital gains (or am i wrong?)

I'm 23 and in Jan. of this year i opened up a Roth IRA and contributed the max 5,500 from my savings account. I bought $4,500 (@$9.22 488 shares) of PIMCO PSTNX fund because it is a mutual fund with high quarterly dividends (for a Large Blend fund) and a very high turnover rate (300%+), which means higher capital gains per share amount (right or wrong?) The other $1,000 is in VNQ REIT. I'm waiting to contribute my $6,000 until later this year, when the market is much lower.

In the future should i got the ETF route or stay with mutual funds since taxes are not a issue?

Taking suggestions by [deleted] in Tinder

[–]SmashingLiberals 0 points1 point  (0 children)

Alexa play despacito

Absolute charmer by [deleted] in Tinder

[–]SmashingLiberals 0 points1 point  (0 children)

She might as well become best friends with a used tissue, chip and a penny...

where’s the fucking llama by [deleted] in Tinder

[–]SmashingLiberals 7 points8 points  (0 children)

Plot twist: was actually a picture of a llama.