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VG Wellington Down $1.53?
12-26-2006, 07:20 PM
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#1
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Recycles dryer sheets
Join Date: Oct 2006
Posts: 92
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VG Wellington Down $1.53?
What happened to this fund today? It is down $1.53 a share.
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:26 PM
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#2
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Administrator
Join Date: Apr 2006
Posts: 22,237
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Re: VG Wellington Down $1.53?
According to the Vanguard website, VWELX made a distribution of dividends and capital gains totalling about $1.58 to shareholders of record 12/22/06.
Here is the relevant link to their site
https://flagship.vanguard.com/VGApp/...FundIntExt=INT
__________________
Living an analog life in the Digital Age.
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:27 PM
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#3
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Full time employment: Posting here.
Join Date: Dec 2004
Posts: 714
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Re: VG Wellington Down $1.53?
Happening all over this time of year. Does make your heart flutter, eh? 
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:29 PM
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#4
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Recycles dryer sheets
Join Date: Oct 2006
Posts: 92
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Re: VG Wellington Down $1.53?
I was just looking at that. It says reinvest date is 12/26 and payable date is 12/27. Our fund is definately down today. Will we see the payment in there tomorrow?
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:32 PM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,853
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Re: VG Wellington Down $1.53?
 Quote:
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Originally Posted by AlmostDone
I was just looking at that. It says reinvest date is 12/26 and payable date is 12/27. Our fund is definately down today. Will we see the payment in there tomorrow?
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Probably, but I'd check newspapers headlines first in case the world has ended. Wellington down $1.53?!?
We go through this every 52nd week. It's best to not spend a lot of time on your ER portfolio between Christmas & New Years while the fund companies get their window dressing distributions straightened out.
You're lucky you asked on this board first. If you'd blurted out this question on FundAlarm you would've had to buy doughnuts for everybody...
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:35 PM
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#6
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Recycles dryer sheets
Join Date: Oct 2006
Posts: 92
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Re: VG Wellington Down $1.53?
Thankyou so much for being kind! I should have done a little more reading on the VG site to figure this out, but my heart did flutter and DH's nearly stopped!
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Re: VG Wellington Down $1.53?
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12-26-2006, 07:58 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: VG Wellington Down $1.53?
Just for kicks I adjusted all my fund values to current values and my portfolio is down about $30K from Nov 30.
But after adjusting to the new number of shares held after reinvestment, I'm in the black.
It's going to be a bad tax year. 
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Re: VG Wellington Down $1.53?
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12-26-2006, 08:08 PM
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#8
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Re: VG Wellington Down $1.53?
On or about 12/14, Wellesley was down $1.93 at one point during the day. The only reason I noticed that is because I was thinking about buying some. I blew it off at the moment, but by the end of the day, the fund's value ended gaining a few basis points.
I assume they distributed dividends and reinvested them so fast that the whole thing ironed itself out in hours.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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Re: VG Wellington Down $1.53?
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12-26-2006, 08:13 PM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,853
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Re: VG Wellington Down $1.53?
Quote:
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Originally Posted by retire@40
It's going to be a bad tax year. |
If you have the money to pay taxes then it's a good tax year.
A bad tax year would be when you exercised options and held on to tanking stock...
Quote:
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Originally Posted by Rich_in_Tampa
because I was thinking about buying some.
I assume they distributed dividends and reinvested them so fast that the whole thing ironed itself out in hours.
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The thought crossed their mind, too, and fund companies will make sure that your purchase goes through at their "fair value pricing" instead of at NAV. No distribution arbitrage possible, and you might even end up paying taxes on your purchase if your money gets into their fund the day before the record date.
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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Re: VG Wellington Down $1.53?
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12-26-2006, 08:25 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jul 2004
Posts: 1,321
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Re: VG Wellington Down $1.53?
Quote:
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Originally Posted by Rich_in_Tampa
On or about 12/14, Wellesley was down $1.93 at one point during the day. The only reason I noticed that is because I was thinking about buying some. I blew it off at the moment, but by the end of the day, the fund's value ended gaining a few basis points.
I assume they distributed dividends and reinvested them so fast that the whole thing ironed itself out in hours.
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Rich,
Mutual funds are only priced once a day, at the close. Any order to buy shares placed at any time during the day are bought at the Net Asset Value (NAV) calculated at the close. I don't know what pricing you were looking at during the day but you could not have bought at that price.
Grumpy
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Re: VG Wellington Down $1.53?
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12-26-2006, 08:32 PM
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#11
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Re: VG Wellington Down $1.53?
Quote:
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Originally Posted by grumpy
Mutual funds are only priced once a day, at the close. Any order to buy shares placed at any time during the day are bought at the Net Asset Value (NAV) calculated at the close. I don't know what pricing you were looking at during the day but you could not have bought at that price.
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It came across on the Yahoo! ticker, not the Vgd site. These numbers do very during the day even for other Vgd funds, too. Not sure where this comes from since, as you say, VGD sets prices at the closed.
Maybe they are tracking the ETF version??
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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Re: VG Wellington Down $1.53?
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12-27-2006, 10:57 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,638
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Re: VG Wellington Down $1.53?
It's at this time of the year, when all of the managed funds are forced to spill out all of the CGs that they have developed each year, that I am calmly joyed by my substantial TSM stake and it's lack of CGs each and every year. Of course I still have to deal with dividends but at less than 2% it's no big deal. One of the many reasons that Vanguard Total Stock Market has been my favorite fund for a number of years. 
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