Why did VGSLX get spanked today?
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REITs have been rubbish lately - the Big Box is dying, and a lot of it is in shopping mall companies like Simon - but it might be the time of year that it pays its big annual distro and takes it out of the NAV, but you get more shares in the distro so it evens out on your balance sheet. Plus, with so much of REIT distro being unqual'd dividends, it's liable to take a bigger hit than, say, VTSAX whose distro is almost all LTCG and QD. -
It went ex-div today. No need to panic.
https://institutional.vanguard.com/VGApp/iip/site/institutional/researchcommentary/article/NewsYearEndDistribution122017Comment
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Let’s see, now what is that quote by Baron Rothschild? I’m just blank, can anybody help?
Something surgical? Blood, perhaps?
I think the baron might have been a long-term investor...My passion is protecting clients and others from predatory and ignorant advisors 270-247-6087 for CPA clients (we are Flat Fee for both CPA & Fee-Only Financial Planning)
Johanna Fox, CPA, CFP is affiliated with Wrenne Financial for financial planning clientsComment
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FIREshrink, Thank you for the explanation.
Peds and jfoxcpacfp, Thanks for the warm welcome. Sharing knowledge with those who are learning is something these forums were created for. Questions should be welcome. Not made into a laughing point. Grow up or go back to high school we’re people laugh at that type of behavior.Comment
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…did I miss something?
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I feel like I missed something also. I did not detect any sarcasm or snark.Comment
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Distribution..it paid out a dividend. Dividend plus new value of shares= old price. Mutual funds do it this time of year also
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I think this helps clarify why many investors should be skeptical of dividend investing simply for the dividends. The actual payment of the dividend does not add any value to the stock, as we see today in the case of this REIT.
-WSPComment
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