Re: PORTFOLIO UPDATE WHEN DIVIDEND DECLARED

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In Reply to: Re: PORTFOLIO UPDATE WHEN DIVIDEND DECLARED posted by Gene Lutz on December 10, 1999 at 17:25:59:

: : : 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
: :
: :

: Mark

: I tried what you said and it works fine except when I put the 0 value in some of
: the funds it goes right to the calculation and doesn't give me a chance to put
: the dividend in. I also noticed it seems to happen only with the funds I preveiously
: owned and sold. Any suggestions?

: Thanks
: Gene

Hi Gene,
I suspect you may still own a very small number of shares in these
investments. Since you don't own 0 shares, FM automatically calculates
the dist/share for you. You can fix these investments by turning up
the # of significant digits to display under "Options/Preferences..."
and then zero out your share balance by editing the appropriate investments,
under "Edit/All Data...".

Thanks,
Mark
--
Mark Beiley

Fund Manager for Windows 3.1x/95/98/NT

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