dividend reinvestment price/ timing/ vanguard vs other brokers.
Does anyone have their dividends in yet , and if you don't mind, please let me know what price, Vanguard says they got a price of 12.5258 at the open. Yet on the Vanguard site it shows the price going down to 12.45 before 10 am, and on yahoo the price at the open was 12.48 at 401K shares and only up to 12.51 by 9:32. My shares won't get put in until this evening, I really hope it's not at 12.65 , the high of the day.Pennies make a different when it is a div of 25 cents.
in my opinion dividend reinvestment plans are a fine idea in theory but suck in execution. keeping up with your basis is an accounting nightmare...used to be anyway...I haven't done it in a long time now. I just buy more shares on my own.
Life is too short to waste worrying about about .237615 shares of stock, and CPA bills for keeping up with all of that basis stuff over the years pretty much wipes out the benefits.