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Re: AEMGX vs. EEM jagor  07-07-2008, 3:04 AM | Post #2536238
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Since when has paying taxes become illegal or immoral?  The way I see it, paying taxes is like paying the dues of a country club; you like nice things, you have to pay for them.  All one needs do is take a look at countries with little or no taxation; what you find is high levels of corruption, poverty and crime. In fact,  there's almost a direct correlation: the higher a country's taxes, the higher its standard of living, the longer its life expectency, the lower its crime and poverty rates.  I am proud to be an American citizen and I have never regretted paying even one penny in income tax to my country.

 
With respect to AEMGX's supposedly "super high turnover," sorry to disappoint you but, according to Morningstar, the turnover for the AEMGX portfolio is only 59%.  In contrast, Ken Heebner turns over the portfolio of CGMFX by 384% per year. From what I have read,  AEMGX's turnover is just about average for equity mutual funds, if not a little on the low side.

 

Jagor 

Topics cgmfx class correlation income tax Ken Heebner View Complete Thread
 
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