Down 9.9% Today???

[dualstow]

This thread could definitely use a motivational image from frugal. Where are you, buddy?

[MediumTex]

This thread could definitely use a motivational image from frugal. Where are you, buddy?

[dualstow]

[Bjrnet]

What's up with PRPFX today?

It's down 9.9%.

Regarding PRPFX:  OK, I think I understand what is going on after reading through this forum.  However, it is now Jan 1 (a holiday I know) and the dividend ($0.25) and capital gains ($4.35) that we all expect still have not showed up in my account.  When will these gains show up in my account?  Will they be tax reportable in 2013 or 2014?

[number5858]

It depends on your broker, but should be 1-3 business days from the 31st. It should be taxable for 2013 if held in a non-IRA, 401K type account.

[number5858]

I may be missing something, but I don't see any reason to own PRPFX.  Why not just hold 4 ETF's?

If you are managing your funds all the time, then that is true, but what about if something happens to you? You might want something like this for a spouse or other who is not very knowledgeable with finance that is simple enough that they can understand and manage if you can't.

[portart]

My account is up to speed. The price has stayed lower with the additional shares. I am now trying to find out about the shares I sold on the close of the day it dropped it somehow it was added in. I hate to think I lost 10% on the shares I sold. The price of the sale was the lower price. They added back shares on the amount of shares I am still holding.

[Bjrnet]

It depends on your broker, but should be 1-3 business days from the 31st. It should be taxable for 2013 if held in a non-IRA, 401K type account.

So, although I don't actually realize the gain until 2014, I have to report it on my 2013 tax return.  Just doesn't seem right!

[Reub]

I might actually use my remaining PRPFX shares to rebalance my HBPP.

[dualstow]

Jan 3: Nothing in Vanguard yet, but they're never the quickest. Maybe that's how they keep costs low.

[Reub]

Same here, dualstow.

[dualstow]

Same here, dualstow.

Vanguard doesn't even have December statements ready for download, yet, which is also unsurprising. Fidelity usually has them the first business day of the new month.

[Bjrnet]

Etrade finally showed my PRPFX dividend and capital gain this morning (Friday, Jan 3).

[Reub]

Well it has now been 6 business days since this large distribution and I still have not seen the money in my account. I just called Vanguard and they informed me that they contacted PRPFX today and were told by PRPFX that it would be an additional 3-5 business days for me to be paid. It sure sounds like PRPFX is affording themselves a nice interest free loan for an excessive amount of time before paying this out. Is it common for a mutual fund to wait up to 10 business days to pay out a distribution to a customer?

Update: I contacted PRPFX directly and they claim that they sent out the distribution to Vanguard on Jan 2nd. So I called Vanguard for the second time and asked them if they had received the funds as of yet and could not get a direct answer but that I should be receiving the distribution in another 3-5 business days. Something sure sounds fishy here!

[dualstow]

Ex-dividend date was 12/27/13, payable and reportable on 12/30/13. If they are not there by tomorrow, I would call your broker and inquire. Mine showed up this morning with Monday's date as the trade date.

I just noticed that on my dividend page at Vanguard, the PRPFX distribution is listed under 2014, not 2013. Hmm.

[dualstow]

That's what I was expecting. Thank you, MangoMan!

[portart]

Sold all my PPFRX. Doing it with ETfs. Bye Bye .69 fee.

[portart]

It was all retirement money. Obama has to wait until I retire to take me apart with taxes. My performance has been better since I sold out of PRPFX. I am up 4% YTD thanks in part to GDX and GDXJ. Feels good knowing those fees are history.