FAVGR, charges an annnual fee of 30 bucks, takes 1% in mgmt fees, gets divi's from some of it's holdings and gives the shareholder NOTHING!
first off, you are not guaranteed a distribution every year, just go to historical prices and you will see some years we got nothing and most years very little.. still think we could be getting much more.. appl's share price does not get decimated when they distribute. fcntx is a very good fund, no doubt, so then why aren't we treated better?
being farily rewarded for loyalty is what i expect! i have owned this fund for a long time, and, i'm as much to be blamed for being in it, but , how do you look at this distribution any other way but it being a wash, you are not getting a thing! they wipe out 6 dollars, give you that in shares, and thats that, while fido collects all the divi's and does what it wants with it... am i wrong? tell me what i am missing, please, KINDLY.
the price didn't plunge, that is the value of the shares you recieved, now buyers can come in at a cheaper price, but it still sucks for us cause you get very little while fido gets it all. the divis that is that the companies we own in fund that pay out which is HUGE!
last year, they did same thing, how much money has the avg contr shareholder gone up since...
500 to mayb a grand? when the market is at all time highs? REALLY
YES, sources tell us jsm is now over at the " it taste just like butter" isle out holding a nife to his hed screamimg out " no it doesn't!!!!!
i fail to see the beneifit, they wipe out 6 bucks of value, give you that amount in new shares which for most is nothing, then you move on hoping what?.... just like the guy who initiated obamacare, people r what did he say? thats what we contra holders r....
yea, this is bill lundberg, yea jsm why don''t we just go ahead and ahh yea, and put an M after the S and call it a Srong Smell, cause ahh yea jsm your posts stink.. yeaaaaaaa!!!!!!
its pretty simple, he "lied", he leaves himself QUITE open for all kinds of legal action.. and don't think the other 1 isn't open for it as well... this time i will b part of 1. the others in past were ignored.