If you made it clear to your fund manager to not create excessive short-term gains you should find a different manager.
Yeah, I told them not to use that one particular manager on my accounts moving forward. Admitted he got a bit too aggressive in one of my accounts.
First world problems of the highest order I guess...
#blessed
I watched this happen to three friends in the 90s during the dot com boom.
They all made a killing amazon and a few other stocks. Their manager did four years in a row over 25%
returns on their managed accounts. It created pressure on the manager to keep those returns going and he eventually had a shit ton of churning. They got stuck with a lot of short term tax.
I was begging them to cash a large piece of their accounts say 14 mill pay the tax and buy 30 year tbills at 8 %
this was 1998 they would have 10 mill at 8% for 30 years in a row.
they were 55 56 65 years old.
one of them did cash 3 mill and buy bonds he thanks me to this day.