It’s not only what you do that counts. It’s also when you do it.

Good timing could be especially important for many mutual-fund investors thrilled by this year’s strong stock-market gains and considering major new investments in stock-market funds for their taxable accounts before year-end. It’s easy even for sophisticated investors to overlook what can be an unpleasant tax problem—one that typically can be avoided with smart timing.

Source: finance.yahoo.com