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Subject Author Date
fidelity - div reinvest P.Schuman 09-19-2007
Posted by P.Schuman on September 19, 2007, 11:32 pm
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 I have several Fidelity mutual funds,
and have conflicting views on how the funds are actually performing.

Within Quicken -
the divs or cap gains are reported as transaction "div"
and then a corresponding transaction for "buy"
so - how can I really tell within Quicken how the fund is performing overall
?



Posted by P.Schuman on September 20, 2007, 8:27 am
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> I have several Fidelity mutual funds,
> and have conflicting views on how the funds are actually performing.
>
> Within Quicken -
> the divs or cap gains are reported as transaction "div"
> and then a corresponding transaction for "buy"
> so - how can I really tell within Quicken how the fund is performing overall
> ?

for example - Fidelity MMF - FDRXX and Vanguard MMF - VMMXX
or Vanguard Windsor VWNEX, Global VGTSX, Fidelity Health FSPHX



Posted by BreadWithSpam on September 20, 2007, 9:57 am
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> I have several Fidelity mutual funds,
> and have conflicting views on how the funds are actually performing.
>
> Within Quicken -
> the divs or cap gains are reported as transaction "div"
> and then a corresponding transaction for "buy"

Quicken has an alternative - instead of entering two
transactions (the div and the buy), use "RD" - "reinvest dividends"
transactions. Quicken then knows that you didn't inject
any additional money and tracks, separately "amount invested"
as opposed to "cost basis".



--
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Posted by P.Schuman on September 20, 2007, 1:12 pm
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>
> > I have several different mutual funds from Fidelity, Vanguard, TRowe,
> > and have conflicting views on how the funds are actually performing.
> >
> > Within Quicken -
> > the divs or cap gains are reported as transaction "div"
> > and then a corresponding transaction for "buy"
>
> Quicken has an alternative - instead of entering two
> transactions (the div and the buy), use "RD" - "reinvest dividends"
> transactions. Quicken then knows that you didn't inject
> any additional money and tracks, separately "amount invested"
> as opposed to "cost basis".
>
yeah - sounds good -
but of course these DIV + BUY are the transactions being downloaded
from Fidelity and others....
Some appear as dividends, some as LT cap gains, etc...
It's tough.... when we really didn't inject any more investment capital,
but yet, I guess we "did" when we received the dividend payout.

The harder one is with any of the MMF - since the "price/nav" stays at $1.



Posted by BreadWithSpam on September 20, 2007, 1:34 pm
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> > Quicken has an alternative - instead of entering two
> > transactions (the div and the buy), use "RD" - "reinvest dividends"

> yeah - sounds good -
> but of course these DIV + BUY are the transactions being downloaded
> from Fidelity and others....

Couldn't say. I tried downloading transactions once for
a credit card and never for my brokerage accounts and
decided never again. I enter them by hand and sometimes
it does require me to break up pieces and fix them by
hand (ie. a bond fund I own recently had three distributions
- in long, short gains and divs - Fido listed three
dividends and a single purchase for the reinvestment.
I broke the purchse up and entered it into Quicken
as three Reinvest transactions (RD, RL, RS)).

> It's tough.... when we really didn't inject any more investment capital,
> but yet, I guess we "did" when we received the dividend payout.

Not really. If you reinvested the dividends, your *cost basis*
went up, but your return on investment computations require
a base number which was capital which came from elsewhere,
not reinvestments. Else your "total return" won't look
like what (should be) published by the fund over the same
period.

> The harder one is with any of the MMF - since the "price/nav" stays at $1.

I don't bother with total returns on MMFs - I treat them as cash.

--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
No HTML in E-Mail! -- http://www.expita.com/nomime.html
Are you posting responses that are easy for others to follow?
http://www.greenend.org.uk/rjk/2000/06/14/quoting

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