Dividend payments - sell and lose that? (fund, invest, stocks)

[Umbria]

Let me clarify: I have a MF that I inherited that has performed badly forever and I need to get rid of it.
If l sell now - today - will I lose the yearly dividend that's paid in Dec? The entire dividend or just part of the dividend? It runs around $70.


Be kind - I'm new at all this.

[Lowexpectations]

What fund is it?

[Umbria]

Umbwx

[flyonpa]

Whatever the dividend is on the MF will go down by that much, the next day.


If you get the Dividend it may be taxable,

Its all or nothing. If you hold the MF on the Dividend date you get paid the dividend. (You might want to check on the re-investment options that are set, and maybe turn it off)

If you sell it before the DivDate you don't get the Div.

[Umbria]

Thanks-I have turned off the reinvest on these (Yes, I have a few others like it).

[flyonpa]

Also, you get a step up (or down) to the price/value the MF was at on the day you inherited it.

In most cases.

[MLSFan]

um, why sell it?

it is down because it is all foreign markets (outside US) which is low this year...

if you are selling because of one bad year, you aren't really a long term holder? If anything, this year is a good time to be picking up international shares...

only thing I could see is that it is a managed fund? I'd sell it based on that along, but not because it is down this year...

[Umbria]

OK - ah -ah - ah


What is about it being a managed fund that is a bad thing (warned you - I'm a beginner)


But, yes, the fact that it hasn't done well even in the last 10 years. It's a 2 star performer - not just this year.

[flyonpa]

Am I doing my Math Right, You have about 30 shares? So you have around $900 in Share Value.

So we are not talk alot of money either way.

So any Capital Gain or Loss is not going to be that big that you would need to to Tax Planning on.

[MLSFan]

mostly personal taste... i follow more how bogleheads invest than other thoughts on investing

no idea about the fund, but still foreign stocks have lagged the us for about last ten years.... not sure if you mean bad as in a few percents or bad as in half, i just dont know that fund.

i hold some international knowing that it drags my returns when us is going up, but it helps when it isnt. yes it drops me 1-2% but i get 8-10% growth still and i am happy with it. i could try to max returns but i also narrow my diversification in doing so, and would rather be down a few percent from drag than be where japan is and all my nest eggs broken