Re: Problem with Distributions?

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In Reply to: Re: Problem with Distributions? posted by Mark on July 12, 2000 at 07:42:50:

Mark,

Thanks for the info...It solved the problem!

All Data now entered correctly

Thanks again,

Todd

: : Hi,

: : I'm having a problem getting my share totals to match with the statement. This seems to be related to the way reinvested distributions are handled. For example, when I enter a dividend for 3/26/00, I enter the date (Which pulls up the historical quote), the div amount...tab over to shares and this calculates the #shares. But when I click ok...the Historical quote is changed and does not reflect the true share price for that day? This compounds when a ST and LT gain are entered for the same date.

: : In the end...I end up being over by about 0.004 shares. ie: I actually own 48.166 shares, but the program says I own 48.170.

: : What am I doing wrong?? I'm a bit perplexed

: : Thanks for any insight,

: : Todd S

: Hi Todd,

: There is some discussion in the online help about how to prevent
: rounding errors. I've copied it here:

: ***************************
: Recording Transactions Without Rounding Errors:
: Often there can be small rounding errors on your transaction summary statement, as provided by your fund
: company. Improperly recorded, this can lead to small differences between the share balances reported by
: Fund Manager and your statements. To prevent rounding errors, record the Value and Shares fields in
: Fund Manager as displayed on your fund statement. Then, press the Tab key to move the input focus to the
: Price field. Fund Manager will automatically adjust the Price field to be consistent with the Value and
: Shares. This method records the Value and Shares as displayed on your statement. If there are rounding
: errors on your statement, the Price recorded by Fund Manager will be adjusted to the correct price
: (consistent with the Value and Shares). Fund Manager always ensures that Value = Shares * Price.
: You can move the input focus around on a dialog box by pressing the Tab key on your keyboard. The
: order that the focus moves around on a dialog box is referred to as the "tab order". The transaction dialogs
: in Fund Manager have their tab order set to facilitate this recording method. The tab order in transaction
: dialogs moves from the Value, to the Shares, and then to the Price controls.
: ***************************

: The bottom line is you want to record the shares exactly, and let the
: price "float".

: To fix your share balance, turn up the share digit display to 6 under
: "Options/Preferences..." and then use "Edit/All Data..." with the
: "Investments (all)" data type selected. Make sure each transaction
: is recorded to the correct number of shares. If not, just use the
: "Edit" button there to fix it.

: Regarding your question on updating the historical price... When you
: record a transaction in FM, if there is no price recorded for that
: date FM will record a price automatically, based on the price in your
: transaction. If there is already a price recorded, it will not change
: it. When the dialog box is automatically filling in the historical price
: based upon the date you've entered, this price may be interpolated
: from other prices, and you may not actually have a price recorded on that
: date prior to the transaction being entered.

: Thanks,
: Mark
: --
: Mark Beiley
:
: Fund Manager for Windows 3.1x/95/98/NT
:
:

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