Re: Fidelity transaction download

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In Reply to: Fidelity transaction download posted by George Timms on February 01, 2005 at 18:43:51:

: Probably not much you can do about this, but I just downloaded transactions from Fidelity (into FM 7.1) for an IRA account, and discovered that instead of characterizing dividend reinvestment purchases (in a bond fund) as single transactions, they reflect a separate dividend payment (as if to cash) and corresponding share purchase for each transaction. It's at least ugly, and I wonder if it might mess up some of the statistics in FM (maybe out-of-pocket cost)?

: Too bad no standard (like OFX) specifies enough to REALLY standardize across the many players in an industry as big and diverse as investments.

Hi George,

Yes, I have seen this before too. It should not change any performance
statistics. Recording a distributed distribution and a purchase has the
identical effect as recording a reinvested distribution. It would indeed be
cleaner to just be recorded as a single reinvestment...

Thanks,
Mark
--
Mark Beiley
Fund Manager, portfolio management software for Windows 95/98/ME/NT/00/XP/2003

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