Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-07-2011, 04:34 PM   #21
Recycles dryer sheets
bamsphd's Avatar
 
Join Date: Nov 2005
Posts: 337
Quote:
Originally Posted by kaneohe View Post
Not sure what VG allows but other funds seem to allow you to do whatever you want.....one blanket decision for all or specific methods for specific funds. Not sure why you would do the latter tho.
I have used specific identification for my equity funds, but let Vanguard track average cost for my short-term bond fund.

The equity funds have very few if any transactions per year, so the book keeping is manageable. However, the short-term bond fund has lots of pesky little transactions, so it has been much easier to let Vanguard track the average cost. If Vanguard had fully supported specific identification from day one, it might not have been much of an issue, but tracking specific identification manually is not much fun when lots of little transactions are involved.
__________________

__________________
bamsphd is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-15-2011, 11:22 AM   #22
Thinks s/he gets paid by the post
 
Join Date: May 2008
Posts: 3,421
The little transactions are what, capital gains distributions and dividend reinvestments?
__________________

__________________
explanade is offline   Reply With Quote
Old 11-23-2011, 04:05 PM   #23
Recycles dryer sheets
bamsphd's Avatar
 
Join Date: Nov 2005
Posts: 337
Quote:
Originally Posted by explanade View Post
The little transactions are what, capital gains distributions and dividend reinvestments?
Mostly reinvested monthly dividends. Short-term bond has monthly dividends reinvested, plus my own transactions, and some years also has a capital gain distribution reinvested.
__________________
bamsphd is offline   Reply With Quote
Old 11-23-2011, 06:47 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,925
Quote:
Originally Posted by bamsphd View Post
I have used specific identification for my equity funds, but let Vanguard track average cost for my short-term bond fund.

The equity funds have very few if any transactions per year, so the book keeping is manageable. However, the short-term bond fund has lots of pesky little transactions, so it has been much easier to let Vanguard track the average cost. If Vanguard had fully supported specific identification from day one, it might not have been much of an issue, but tracking specific identification manually is not much fun when lots of little transactions are involved.
Makes perfect sense to me. ........and pesky is the right word. I never ever
even contemplated reinvesting monthly dividends in bond funds for that reason.
__________________

__________________
kaneohe is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Cost of traveling around the world warrentalbot Travel Information 19 11-15-2011 12:00 AM
cost basis revisited ripper1 FIRE and Money 4 10-31-2011 09:24 AM
cost basis ripper1 FIRE and Money 20 10-26-2011 08:30 AM
Mutual fund cost basis election form Delawaredave5 FIRE and Money 4 10-06-2011 12:02 PM

 

 
All times are GMT -6. The time now is 01:36 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.