Bram
Recycles dryer sheets
- Joined
- Dec 16, 2006
- Messages
- 227
Just recently found this forum & have been lurking & learning! I have a question re dividends:
I have a 403(b) account with Ameriprise. Nov. 14 I exchanged $100,000 from my RiverSource Equity Value Fund (EVF) to purchase a RiverSource Deferred Variable Annuity. The EVF has $20,000 or so remaining in it. The EVF dividends reinvested were just posted (Dec 20) to the sum of $1,000+. At the time of the exchange I had asked my Ameriprise FA if I shouldn't wait until the dividends were posted in Dec, then purchase the VA. He said "no" & something like... "they don't pay dividends like that any more, blah, blah". (All I understood was the "no".)
Now I compare this EVF to another fund in my Ameriprise account, RS Diversified Equity Income Fund, that has $90,000-some in it which has the Dec. dividends reinvested to the sum of $8,000+.
I am questioning whether or not I just lost out on a few thousand $'s of dividends by purchasing the VA just a month before the dividends were paid on the EVF? Should I have waited a month?
Thanks for any/all input!
I have a 403(b) account with Ameriprise. Nov. 14 I exchanged $100,000 from my RiverSource Equity Value Fund (EVF) to purchase a RiverSource Deferred Variable Annuity. The EVF has $20,000 or so remaining in it. The EVF dividends reinvested were just posted (Dec 20) to the sum of $1,000+. At the time of the exchange I had asked my Ameriprise FA if I shouldn't wait until the dividends were posted in Dec, then purchase the VA. He said "no" & something like... "they don't pay dividends like that any more, blah, blah". (All I understood was the "no".)
Now I compare this EVF to another fund in my Ameriprise account, RS Diversified Equity Income Fund, that has $90,000-some in it which has the Dec. dividends reinvested to the sum of $8,000+.
I am questioning whether or not I just lost out on a few thousand $'s of dividends by purchasing the VA just a month before the dividends were paid on the EVF? Should I have waited a month?
Thanks for any/all input!