About a week before the end of the year some dropped as much as a few dollars in one day. Other funds held their own.
2007-01-10 06:23:03 · 3 answers · asked by Bill Spry 4 in Business & Finance ➔ Investing
Your capital gains and dividends have been added to your account....check the paperwork...you should have more shares now at the lower NAV....your balance should be just about the same........ better for you in a way...now if it goes up a dime in one day, you get a few more dimes than you did last year.
2007-01-10 08:38:38 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
This is a result of the year end capital gains and income dividend distribution required by law...the result is a decrease in the funds net asset value. This is one big problem with investing in mutual funds outside of a tax advantage account....if you're holding the fund in a non tax advantage account you are required to pay taxes on the distribution even if you reinvested the dividend to purchase more shares.
2007-01-10 14:44:28 · answer #2 · answered by SmittyJ 3 · 1⤊ 0⤋
They distributed capital gains and dividends.
2007-01-10 21:24:28 · answer #3 · answered by ckm1956 7 · 0⤊ 0⤋