🚀 go-pugleaf

In article <1jmvk1INN4qr@armory.centerline.com> chapman@centerline.com  
(Scott Chapman, (Scott Chapman x233)) writes:
> In article 93Jan21120904@tatjana.rice.edu, pete@tatjana.rice.edu (Louis  
Wu) writes:
> >In article <1jmdsqINN4qr@armory.centerline.com> chapman@centerline.com  
(Scott Chapman, (Scott Chapman x233)) writes:
> >
> >   >When buying mutual funds, it asks me the # of shares and  
price/share. I buy
> >   >mutual funds by dollar amount not units of shares. So I have to use  
a
> >   >calculator to figure out # of shares based on the dollar amount and  
price
> >   >per share.
> >   You are mistaken here, most (if not all) mutual funds *are* sold by  
shares.
> >
> >Not when you have a set amount of money automatically withdrawn from a  
bank
> >account by a mutual fund each week. 
> >
> Sorry if this is no longer relevent to MYM. What kind of information you  
are
> sent about your contributions is determined by whom you make  
contribution to.
> For example, I have money electronically withdrawl from my bank account  
into
> a mutual fund, and I get wonderful reports from my mutual fund telling  
me
> how many shares I was able to get (and at what price).
> 
> What mutual fund are you talking about? I do think that all (atleast as  
far as
> I know) mutual funds are purchased and sold by the share.


I think the point here is that when his mutual funds dividends are  
reinvested, the purchase price is different than when he originally bought  
his fund.  I have tried to resolve this problem myself, and haven't found  
a good solution.  There must be some finance guys out there who know the  
proper method to calculate return is this case.  How about posting a  
reply?