Ubuntu
eqonomize package

Dividend Question

Asked by Chuck Martin

My compliments... Eqonomize is an outstanding program! I've already migrated all of my home budgeting and expense tracking over. I am playing with the securities section now and am running into a few hurdles. I think that a more comprehensive tutorial would be a big help. My specific question relates to dividends. Should a dividend be recorded first as a cash dividend and then as a reinvested dividend? By using just reinvested dividend the program did not reflect the additional shares in the total number of shares owned, nor did it reflect the reinvestment in recalculating the average cost of the shares owned. Just a question, not a complaint. Again, this is a great program. I hope there is strong support for it's continued development and refinement. It's a winner!

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Ubuntu eqonomize Edit question
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Cesare Tirabassi
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Cesare Tirabassi (norsetto) said : 		#1

I don't understand the question actually.
Suppose I have 100 shares, for US$10 each, if I select New Transaction-> Reinvested Dividend and choose 5 shares added, I see a total of 105 shares, for a total value of 1050 US$.

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Chuck Martin (crmartin) said : 		#2

Cesare,
Thanks for trying to help me. When I enter the reinvested dividend and
then double click on that Mutual Fund, it will show the transaction, but
the value space is blank. Is there no way to record the $value of the
mutual fund dividend at the time of its reinvestment. I hope this makes
a little more sense.
Thanks,
Chuck

On Wed, 2007-11-07 at 22:13 +0000, Cesare Tirabassi wrote:
> Your question #17219 on eqonomize in ubuntu changed:
> https://answers.edge.launchpad.net/ubuntu/+source/eqonomize/+question/17219
>
> Status: Open => Answered
>
> Cesare Tirabassi proposed the following answer:
> I don't understand the question actually.
> Suppose I have 100 shares, for US$10 each, if I select New Transaction-> Reinvested Dividend and choose 5 shares added, I see a total of 105 shares, for a total value of 1050 US$.
>

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Best Cesare Tirabassi (norsetto) said : 		#3

I still don't see it Chuck, perhaps we are using different versions? Mine is Eqonomize! 0.5 (Using KDE 3.5.8), the package version is 0.5-1
What I see is that by using reinvested dividend I don't actually enter the dividend value (in US$), but the amount of added shares; then by looking at the transaction I see the amount of shares added and the value is 0 (which I think is correct, its either one or the other). In the summary I see a profit (which I believe is calculated by multiplying the added shares by their actual value) which is I guess what you are looking for?

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Chuck Martin (crmartin) said : 		#4

Thanks Cesare Tirabassi, that solved my question.