How do you track your mutual fund investments?
I investment in a fund that provides disbursements. The disbursements are then re-invested. In light of this, how would you track it?
For example:
Assume that the price per unit does not change over time.
On Day 1: I purchase $5000 of Mutual Fund Blue. This results is a book value of 500 units at $10 each. Total investment: $5000, units: 500, bookvalue/unit: $10, total bookvalue: $5000
On Day 50: I get a disbursement of 3 units, which are automatically reinvested. Total investment: $5000, units: 503, bookvalue/unit: $10, total bookvalue:$5030
So my question is this: When determining profit or ROI, would you use the $5000 initial investment or the total bookvalue (which included a $30 disbursement and re-investment).
Part of the issue is that my bank/investment house doesn't list the initial amount invested. So instead of showing the $5000 initial investment, it only shows the # of units and the bookvalue. After an automatic re-invest, this will suggest that invested amount (units x bookvalue/unit) is higher than it really is.
For example:
Assume that the price per unit does not change over time.
On Day 1: I purchase $5000 of Mutual Fund Blue. This results is a book value of 500 units at $10 each. Total investment: $5000, units: 500, bookvalue/unit: $10, total bookvalue: $5000
On Day 50: I get a disbursement of 3 units, which are automatically reinvested. Total investment: $5000, units: 503, bookvalue/unit: $10, total bookvalue:$5030
So my question is this: When determining profit or ROI, would you use the $5000 initial investment or the total bookvalue (which included a $30 disbursement and re-investment).
Part of the issue is that my bank/investment house doesn't list the initial amount invested. So instead of showing the $5000 initial investment, it only shows the # of units and the bookvalue. After an automatic re-invest, this will suggest that invested amount (units x bookvalue/unit) is higher than it really is.
(\__/)
(='.'=) This is Bunny. Copy and paste bunny into your
(")_(") signature to help him gain world domination.
(='.'=) This is Bunny. Copy and paste bunny into your
(")_(") signature to help him gain world domination.