VTSAX dividend error?

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F150HD
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VTSAX dividend error?

Post by F150HD » Thu Jun 22, 2017 9:51 am

I looked at my VG account and it states VTSAX reinvested at $58.50....

Image

Though It looks like they used the $60.77 to actually calculate the reinvested shares but the $58.50 is listed in my account as the reinvested price.

Is this an error? as that value is from March.

https://personal.vanguard.com/us/funds/ ... IntExt=INT

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jebmke
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Re: VTSAX dividend error?

Post by jebmke » Thu Jun 22, 2017 10:04 am

Could be. I don't reinvest divs so I have trade confirms when I manually "reinvest". The real test will be the statement. I don't pay attention to contemporaneous data posted on their web site right after a transaction. It sometimes gets fixed after a few days or so.
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delamer
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Re: VTSAX dividend error?

Post by delamer » Thu Jun 22, 2017 10:11 am

Is one the dollar amount of the investment and the other the price-per-share?

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F150HD
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Re: VTSAX dividend error?

Post by F150HD » Thu Jun 22, 2017 10:21 am

$58.50 is listed as the reinvestment price, which is incorrect. It should be listed as $60.77.

I just talked w/ VG and it is an error. They have submitted a fix-it ticket.

(As stated prior, they correctly used $60.77 in their calculations but for some reason listed $58.50 as the reinvestment price)

Wondering if this is just my account or if others were affected.

Thank you.

nolesrule
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Re: VTSAX dividend error?

Post by nolesrule » Thu Jun 22, 2017 10:22 am

I seem to remember someone mentioning a similar display error with a bond fund reinvestment recently.

jebmke
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Re: VTSAX dividend error?

Post by jebmke » Thu Jun 22, 2017 10:25 am

If the shares and dollar amount are correct I don't normally worry about it. Were the shares correct or will the higher price reduce the number of shares obtained in reinvestment.
When you discover that you are riding a dead horse, the best strategy is to dismount.

barnaclebob
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Re: VTSAX dividend error?

Post by barnaclebob » Thu Jun 22, 2017 10:26 am

Mine shows the $60.77 for 6/20/2017.

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5th_Dimension
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Re: VTSAX dividend error?

Post by 5th_Dimension » Thu Jun 22, 2017 10:43 am

F150HD wrote:$58.50 is listed as the reinvestment price, which is incorrect. It should be listed as $60.77.

I just talked w/ VG and it is an error. They have submitted a fix-it ticket.

(As stated prior, they correctly used $60.77 in their calculations but for some reason listed $58.50 as the reinvestment price)

Wondering if this is just my account or if others were affected.

Thank you.
Mine showed the $58.50 price as well, but since the other amounts were correct I just ignored it.
"My idea of rich is ordering the most expensive thing at Denny's"

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F150HD
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Re: VTSAX dividend error?

Post by F150HD » Thu Jun 22, 2017 10:52 am

jebmke wrote:If the shares and dollar amount are correct I don't normally worry about it. Were the shares correct or will the higher price reduce the number of shares obtained in reinvestment.
F150HD wrote:(As stated prior, they correctly used $60.77 in their calculations but for some reason listed $58.50 as the reinvestment price)
Thanks.

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F150HD
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Re: VTSAX dividend error?

Post by F150HD » Thu Jun 22, 2017 10:54 am

5th_Dimension wrote: Mine showed the $58.50 price as well, but since the other amounts were correct I just ignored it.
if a taxable account that could present an issue when one eventually sells, no? (if the purchase price were recorded incorrectly)

Account of mine is tax-deferred so somewhat less relevant...

rav2fi
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Re: VTSAX dividend error?

Post by rav2fi » Thu Jun 22, 2017 10:59 am

Mine shows the incorrect amount as well :oops:

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F150HD
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Re: VTSAX dividend error?

Post by F150HD » Thu Jun 22, 2017 11:04 am

rav2fi wrote:Mine shows the incorrect amount as well :oops:
makes the 'dont peek' idea seem like a bad idea! Would hate to catch a serious error a year or two after it occurred then try to backtrack to fix it. Not enough aspirin in Walmart....

mister37
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Re: VTSAX dividend error?

Post by mister37 » Thu Jun 22, 2017 11:08 am

Looks like they carried something over from the last dividend posting:
Additional description VANGUARD TOTAL STOCK MARKET INDEXADMIRAL CL PURCHASED @ $58.500 RD 03/23/17 PD 06/20/17
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Admiral
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Re: VTSAX dividend error?

Post by Admiral » Thu Jun 22, 2017 11:12 am

Mine shows $60.77 as the reinvestment price on 6/20.

Silk McCue
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Re: VTSAX dividend error?

Post by Silk McCue » Thu Jun 22, 2017 12:38 pm

rav2fi wrote:Mine shows the incorrect amount as well :oops:
As does mine.

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House Blend
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Re: VTSAX dividend error?

Post by House Blend » Thu Jun 22, 2017 3:12 pm

There was a recent thread about a similar issue with a Vanguard bond fund.
This is the post where the OP of that thread reports Vanguard's response:
viewtopic.php?p=3406705#p3406705

"This is a display issue only..."

red5
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Re: VTSAX dividend error?

Post by red5 » Fri Jun 23, 2017 4:17 am

I picked up on that as well. However I was able to calculate that the shares I received were not based on $58.50 but rather on the correct price (which was somewhere around $60.77 or so).

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Kalo
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Re: VTSAX dividend error?

Post by Kalo » Fri Jun 23, 2017 9:19 am

I noticed this also. When I enter the transaction in MS Money, I give two out of three data points and it calculates the third, so I always enter number of shares and dollar amount, and let it calculate the price per share. Otherwise, if I enter the price per share, one of the other figures will be off because of rounding. You don't actually get the exact price, you get an exact number of shares and an exact dollar amount. The price is rounded. But I did notice this error on Vanguard's web site. Figured it was a display error. It is comforting to see I was not the only one.

Kalo
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arcticpineapplecorp.
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Re: VTSAX dividend error?

Post by arcticpineapplecorp. » Fri Jun 23, 2017 4:57 pm

fwiw, mine says $60.77
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HueyLD
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Re: VTSAX dividend error?

Post by HueyLD » Sat Jun 24, 2017 4:24 am

Vanguard has had such display errors for a while and their in-house IT department appears to be incapable of fixing the known issues.

I guess Vanguard needs to hire IT personnel from Fidelity or Schwab.

FWIW, those with mutual funds only accounts do not have such display problems.

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bertilak
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Re: VTSAX dividend error?

Post by bertilak » Sat Jun 24, 2017 6:08 am

I too see the wrong reinvestment price on the web page, but the data downloaded to Quicken is correct. I don't think we need to worry about bad data messing up things like cost basis. I suppose it's possible, but only in the sense that anything is possible.
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livesoft
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Re: VTSAX dividend error?

Post by livesoft » Sat Jun 24, 2017 6:41 am

So there are a few places that the reinvestment price can be displayed in one's account(s) after they login. Is the reinvestment price wrong in every one of those places or only in one place or only in some places?

Does this affect people who have "upgraded", "not upgraded", use a brokerage account, don't use a brokerage account, or what?
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Da5id
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Vanguard and arithmetic

Post by Da5id » Tue Jun 27, 2017 6:35 am

[Merged post into existing thread - moderator prudent]

Below is a transaction posted to my son's UMTA. Sigh. Go Vanguard?

06/20/2017 06/20/2017 VTSAX VANGUARD TOTAL STOCK MARKET INDEX ADMIRAL CL Reinvestment 7.8060 $58.50 -- – $474.38

(note: 7.806 * 58.50 = $456.65). Ran it by my Vanguard rep, and he said known issue and it will be repaired. Apparently the reinvestment price is somehow from the March dividend date, number of shares and total are correct. Still, a bit shocking to see something so basic gotten wrong, and if I somehow wanted to sell now it would presumably have a messed up cost basis. I still like Vanguard (and have most of my assets there), but got to say these things (I've had other issues) make me kind of edgy about their infrastructure.

noobogle
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Re: VTSAX dividend error?

Post by noobogle » Tue Jun 27, 2017 4:57 pm

On Vanguard, my dividend reinvestment shows up incorrectly in the transaction history ($58.50) but when I look under Cost basis > Unrealized gains & losses, the correct cost per share shows up ($60.77). So hopefully this means that, if you were to sell, the cost basis would be correct.

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Re: VTSAX dividend error?

Post by LazyNihilist » Sun Jul 09, 2017 8:17 pm

I was updating my GnuCash account and just noticed this 'display error' in my Vanguard account. The other calculations matched up to the right price.
This issue hasn't been fixed yet.
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