And it would be less than that if you held
the shares in a taxable brokerage account and had to pay 15 % or so on the dividends along the way.
Not exact matches
A higher portfolio turnover will result
in higher transactional and
brokerage costs and may result
in higher taxes when Fund
shares are held
in a
taxable account.
You could put money
in a regular
taxable mutual fund or
brokerage account, paying taxes on your investment income every year, and racking up more tax liability when you sold your
shares after their value had risen.
Worst of all, if held
in a
taxable brokerage account, those 7
shares will be subject to taxation as though you had voluntarily sold the
shares.