| Title: | Market Investing |
| Moderator: | 2155::michaud |
| Created: | Thu Jan 23 1992 |
| Last Modified: | Thu Jun 05 1997 |
| Last Successful Update: | Fri Jun 06 1997 |
| Number of topics: | 1060 |
| Total number of notes: | 10477 |
Does anybody have any theories on what's up with Safeco Equity fund
(SAFQX)? They appear to be on a steep downhill ride. From NetNAVs :
Date . . . NAV . . . .Offered . . Change . . % Change
10/ 3/95 15.20 15.20
10/ 2/95 N/A N/A
9/29/95 15.31 15.31 -1.24 -7.49%
9/28/95 16.55 16.55
9/27/95 N/A N/A
9/26/95 16.41 16.41 -0.02 -0.12%
9/25/95 16.43 16.43 -0.05 -0.30%
9/22/95 16.48 16.48 +0.02 +0.12%
9/21/95 16.46 16.46 -0.17 -1.02%
9/20/95 16.63 16.63 +0.06 +0.36%
9/19/95 16.57 16.57 +0.08 +0.49%
Thanks ... Mike
| T.R | Title | User | Personal Name | Date | Lines |
|---|---|---|---|---|---|
| 920.1 | Appearances may be deceiving | POBOXA::SMELSER | Wed Oct 04 1995 16:21 | 3 | |
Check to see if there was a dividend/distribution declared on 9/29. I
don't think the overall market moved that much on that day, and it was
near the end of a quarter.
| |||||
| 920.2 | NLA0::ONO | The Wrong Stuff | Wed Oct 04 1995 18:50 | 16 | |
I own Safeco Equity, and if I remember correctly, there is a distribution at the end of September. Haven't gotten my statement yet, however. BTW, during Doug Johnson's tenure, Safeco Equity wasn't your typical growth & income fund. Johnson said that, he looked for some home run opportunities (small growth companies) leavened with some singles hitters (larger dividend paying companies). Since he left Safeco for Smith Barney, the Equity fund looks a bit more like a "normal" growth & income fund. I'm thinking of moving my funds elsewhere, but haven't decided where yet. Wes | |||||
| 920.3 | Yes, September is distribution time | DECWET::THOMAS | Feelin' so G-U-D | Fri Oct 06 1995 11:39 | 16 |
Thanks, you both were right. I got my statement last night. I've only
been with them since January, so I hadn't seen this before (none of my
other (very few) funds have displayed as sharp a drop at distribution
time). There again, I don't think any of them have given me such a
large distribution either.
For grins (and because this is the only way I can grasp what's
happening to my money), I had Quicken calculate my Average Rate of
Return on SAFQX for the calendar year before and after adding in the
reinvestments, but using the 9/29 closing value in both calculations,
and it went from 18% to 33%.
Can someone refresh my memory - are reinvested dividends & capital
gains taxed in the year they are reinvested, or only when you sell?
Mike
| |||||
| 920.4 | taxed that year | MSBCS::HURLEY | Fri Oct 06 1995 11:55 | 2 | |
They are taxed for the year you receive them unless your fund is in a
tax-deferred plan like a 401k or 403 etc..
| |||||
| 920.5 | Thanks! | DECWET::THOMAS | Feelin' so G-U-D | Mon Oct 09 1995 14:28 | 1 |
... Mike | |||||