Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
About 11:00 AM Dec. 19-the money has reappeared overnight after disappeared yesterday
I guess if you tried to sell or exchange during the phantom period you could run into problems!
For decades I was (e), but this year I've been having fun getting a visceral feel for volatility (or lack thereof.) I guess I tripped C) (except I read something wrong about the dist date), D) (but wanted to understand it better) and A) (because while I know it was supposed to happen, I wasn't familiar with the step-by-step process.) I was thinking my NAV per share would simply drop, shares increase, net change would be zero. Instead you get a big negative return, a day passes, and then the reinvestment makes you whole.livesoft wrote: ↑Fri Dec 30, 2011 5:43 pmI'd like to see this as a poll:
I noticed my fund was down big time, so I
(a) Quickly posted to my favorite forums about my huge loss asking "What's up?"
(b) Looked at all the other posts about huge one-day drops on my favorite forums and figured it out
(c) Looked at my fund's web site and figured out there was a distribution
(d) Didn't bother to look because I already knew about distributions this time of year
(e) My fund is down? I didn't even notice.
An investment in knowledge pays the best interest.
Now some of my funds will truly drop in value at distribution time: I need a little more income (building up my possible housebuying/downpayment war chest) so I reconfigured some of my Vanguard taxable account funds to pay dividends to my Credit Union account instead of reinvesting them (you can do it on your logged in Vanguard web access and do it individually for your various funds (you can leave some of them on reinvest or reinvest only dividends vs. capital gains)
Yes folks, it's that time again: https://investornews.vanguard/upcoming- ... formation/
"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman