Re: PORTFOLIO UPDATE WHEN DIVIDEND DECLARED
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Posted by Mark on December 07, 1999 at 20:24:19:
In Reply to: PORTFOLIO UPDATE WHEN DIVIDEND DECLARED posted by GENE LUTZ on December 07, 1999 at 16:43:15:
: I track many of Fidelity's Mutual Funds, some of them I own and some I don't. My
: problem is when a dividend is declared, the funds I own I can put the dividend in,
: but if I don't own the fund I can't put the dividend in (the nav is reduced and
: this shows up as a loss)and this effect a lot of the reports. Is their anyway
: I can get around this? : Thanks
: Gene Hi Gene,
If you are using the latest version of FM, you can track dividends in
investments you don't own, just as you can with investments you do own.
You will be given the chance to enter a dist/share if you don't own shares
for FM to do this calculation for itself.
Fund Manager does not reduce the NAV, this happens as a result of the
distribution. Recording the distribution will track this, so that performance
figures are reported accurately. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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