Howdy,
Ok, Fido has reworked the accounts page, eh?
So, we still have our list of funds top to bottom.
The previous version of this page would highlight (in the cream color), from left to right of a particular fund when some type of action happened with that holding. Generally, this was when a distribution had taken place. All of the cool data was also highlighted, as to the vale of the distribution, etc.
One could generally expect to find several of our funds highlighted at month end from distributions with our bond funds holdings; but every once in awhile a random distribution would show up, too. This was a very thoughtful and handy indicator to have placed for a fund.
I have checked our Fido pages to view the expected distributions at month end and do not find the friendly, old highlight for any bond funds. This was an auto feature previously. Do I have to set a function for this to now happen?
Tis a "bad" change.
Thank you for your time.
Regards,
Catch
Comments
Thank you for your time.
Is the layout/look of your acct page the same as a few months ago? Our acct page has a new look, top to bottom, left to right and with new header names for the columns. Also, the dropdown menus to select which functions one wants to perform for a fund are in new locations.
I did not check on Feb 28; as we should have also had a distribution showing for LSBDX, among other bond funds. I checked yesterday, Feb 29 (leap year day). Perhaps the distributions highlights were in place on Feb 28; although not the end date for Feb. this year.
Note: at the ticker symbol to the far left of the acct section, there is now a "+" symbol beside the ticker symbol. Clicking this opens a new listing to show all recent distributions. This works find, but I did not find a distribution for Feb 29, when I checked yesterday, Feb 29. Today, I find the distribution listed, with amounts and related for Feb 29. Hmmmmmmmmm.....I'll be sure to check again at the end of March.
The distributions highlight is a very nice auto-tool. Fido still has the best account page I have used for our various accts.
Catch
Thank you.
A gloomy, no sun day here in old Michigan. A wonderful side of the internet is that one may daydream and have vicarious travel to imagine and visit other places.
Perhaps the investment goals could fit one of these into the program.....
http://www.maryleepresentsoceanreef.calls.net/featured-properties-page?s_kwcid=TC|25033|+key%20+largo%20+florida%20+real%20+estate||S|b|17313482134
AngelFish Cay looks about right from the aerial shot.
'Course, our house has not won the big lotto yet.
Take care,
Catch
Looks like the Days Inn is in the budget..............
Thanks,
Catch
I am OK with the change however other than prettiness it does not add much value.
What pissed me is the way they are calculating return. I have a roth and traditional IRA. My traditional IRA has switched to new return calculation.
Basically they used to use 0 for cost basis of dividends so return calculation would be correct return on investment. Now they actually use the real cost basis for distributions. The problem is that after dividend, most mutual funds have dropped in value so while before and after dividend the current value of your holding remains the same but cost basis increases so basically after distribution your return on investment calculated using new method is less than actual return on investment. I've complained about this but I don't think we see eye to eye with the rep. I am hoping enough people will complain.
If your account is not yet converted to this new calculation, it will at some point in 2012.
Consider a taxable account, where a single investment is made, and dividends reinvested. I don't see the question that you're asking (assuming that I've stated it correctly) is any different here: since I plunked down a pile of cash, how have I done? If this is useful information (I'm being agnostic here), then wouldn't it be just as important to have it for all accounts?
As far as taxes are concerned, Fidelity doesn't know what your traditional IRA cost basis is - how much of the contributions you deduct on your 1040 is between you and the IRS. So it cannot reliably tell you how many dollars of your traditional IRA are post tax to begin with. To further compound the problem, even if it had that information, Fidelity doesn't know what's in your non-Fidelity IRAs (if any), and the IRS aggregates all of those accounts together in determining what percentage of your total traditional IRA balance is post-tax. If you're filling out 8606's then you already have that information, and if not, 100% of the money there is pre-tax.
For that matter, Fidelity doesn't really know the cost basis of one's non-covered securities. One may have, for example, sold specific shares, and then on one's tax forms switched to average cost. (The IRS has allowed that for many years.) Fidelity has not been able to track that.
As to the general appearance - I do like the ability to see the lots from a single page instead of having to flip from page to page. (I don't rely on their cost basis, but I do need to see that their record of lots and shares/lot agree with mine. And for something quick and dirty, it saves me the trouble of flipping through spreadsheet pages.) Like most posters here, I still get the yellow bands indicating something will or has happened.
What is not useful at all as pointed out by Investor, fundalarm and msf, is the rate of return for tax-deferred accounts. Also is missing is the transition of each position...still adjusting.
However, their return calculation for the overall position is nothing got to do with IRS requirements etc. They could continue to calculate the return using the old way. Obviously, they know which positions were acquired via distributions and which positions are my own original investment.
Now, I have some positions that have negative return even though my ROI is positive. They added the return tracking function to their web last year. Now it has become totally useless to me.