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Old 10-14-2013, 03:45 PM
bUU bUU started this thread
 
Location: Florida
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FPURX lost about 6% on Friday, while most major indices were up. FBALX was almost as bad. I cannot find an explanation. Before I dig into it more, has anyone seen an explanation?
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Old 10-14-2013, 04:37 PM
 
Location: The Pacific NW.
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Capital gain & dividend distribution of $1.39.
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Old 10-15-2013, 03:37 AM
bUU bUU started this thread
 
Location: Florida
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Yes, of course. I remember commenting when those transactions registered last week how large they were. A fun weekend had evidently expunged that from my memory.

Thanks!
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Old 10-15-2013, 03:49 AM
 
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fidelity does that all the time, they make no indication there was a payout until their system updates later on.

they really should flag the daily price with a note on their own website .

i own balanced and did a double take friday when i first looked. it was a pretty big distribution. luckily only 1/3 of my holding in it was in my taxable account or that really would have been a whopping tax bill.

i remember fidelity magellan once had a 20% distribution.. holy cow did that screw shareholders tax wise if it wasn't in a retirement plan. the new manager re-did the portfolio liquidating much of the portfolio.
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Old 10-15-2013, 04:05 AM
bUU bUU started this thread
 
Location: Florida
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That's my real concern here. These (FPURX and FBALX) are holdings I inherited, and I really wish they were in an IRA instead of in a taxable account. I could sell the holdings, but I have a significant capital gain in both since inheriting them, so it a "damned if I do damned if I don't" situation - except for the fact that you cannot really call realizing a GAIN as "damned", of course. My (now fired) financial adviser recommended not to let the tax tail wag the investment dog, but of course that advice could be used either way for these two holdings.
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Old 10-15-2013, 04:31 AM
 
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well the good news is by paying some of the taxes now it can be less painful later on if you sell.

i had mentioned in an earlier thread about how index funds and etf's can end up being a tax torpedo later on when sold.

decades of little taxes paid on gains along the way can throw someone unware of the consequences right into an amt bracket or a much higher bracket .

i know when we shifted strategy on some of our investments as we got closer to retiring some of the funds we sold had 6 figure gains.

it would have been a slower process selling them off if we had paid little tax along the way had we been indexing. as it was it was quite painful.

fpurx and fbalx are very very similar funds. fpurx holds more lower quality bonds than fbalx. fpurx is about 15% high yield vs balanced 7%.

fpurx is run by two managers ,one handles bonds the other equities.

fbalx is run by a 10 member team headed by bob stansky former magellan skipper. there really is not much reason to own fbalx and fpurx together. they are far to similiar to add much diversification. i see folks at work do that combo all the time in their 401k and they are not gaining much by it. they would be better served adding more diversification in to the mix.

Last edited by mathjak107; 10-15-2013 at 04:59 AM..
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