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shows our account from 1/07 to 4/09--since we have been with him only that long...and under the line item distributions there is a negative number in the (xxxx) for the total time
but it is not broken out into any particular year or quarter...
we did not really have time to go over the summary with him at the face to face--maybe deliberately on his part in that he was talking about where the market was likely to go and how after booking our losses, the new funds would really be better to capture market increase...
also we discovered after our face to face this past week, that the total +/- on the 2 yrs period is just flat out wrong...he has us losing under 10%
totally missed the boat--
is this deliberate attempt to obscure how bad our loss was
is it just shoddy bookkeeping/printout that his secretary or one of his clerks did and he did not check
either one pisses me off...
I sent him an email today and did not get response--will have to call tomorrow...
how do you call him on this without getting into real name-caller
Unless your financial guy is Bernie Madoff, odds are that the titles are used to correspond to "tax definitions" -- so that a negative under distributions might mean your investments have "sold at a loss" so that you have some stuff to deduct instead report as gain.
I am NOT an expert on this, and you need to get the financial guy and/or your tax people involved.
Similarly if the "position" is trying to reflect what your net gain / loss is after the taxable losses and such it might make sense that this is NOT the same as your "total return".
I like the "big guys" because their statements are generally down loadable into your own spreadsheet or financial software and if you want to change the format it is up to you, not some secretary that has no clue...
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