Moments ago, legendary fund manager Jeff Gundlach sent a
warning to Apple shareholders during a public webcast, BI writes.
During the Q&A, one of the listeners asked if Gundlach
could see Apple going to $700 per share.
"I don't know," answered Gundlach.
"Maybe."
But Gundlach followed that with a word of caution. He noted high-flying stocks like Apple are at
risk of capital gains taxes. In other
words, those holding Apple stock are probably sitting on huge unrealized
profits that will be taxed when shares are sold.
Generally, this brand of risk isn't a very big concern. However, Gundlach expects taxes to soon rise
as part of the government's efforts to reduce debts and deficits…..One of those
taxes that could rise is the capital gains tax on investments….
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