Re: Can FM automatically update for dividends and cap gains?

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Posted by Mark on February 19, 2007 at 10:54:50:

In Reply to: Re: Can FM automatically update for dividends and cap gains? posted by Ani on February 18, 2007 at 22:53:11:

: Thanks for the response.
: To understand you correctly, in option #3 above, I assume what that means is that I can enter a starting buy transaction and FM will retrieve all LT/ST Cap gains and Dividends since my original buy and adjust my holdings (# of shares) accordingly. Is that true?

: Thanks,

: Ani.

Hi Ani,

Yes, this is correct. Enter your purchases first, and then do a retrieve from the Yahoo (Historical) server using FM Pro/Advisor. You will be prompted if you want to retrieve distributions and splits. You will also have the option to choose whether to reinvested distributions or not. Select these options, and do the retrieve. Assuming Yahoo offers the quotes and has the distributions for your stock/fund, your prices and distributions will be updated. If you have any questions about whether Yahoo has distributions for your investments, visit their web site, and look up the quote. On the left hand menu, choose "Historical Prices", and you will see the option to get historical distributions. If they are listed here, then Fund Manager can retrieve them for you using the method I just described.

When using this method, it is important to record your buy/sell transactions first, as Yahoo reports distributions in a per/share amount. This means that FM needs to know your correct share balance to figure out the actual value of the distribution.

Thanks,
Mark
--
Fund Manager - Portfolio Management Software

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