Corporate Bonds

Posts Tagged ‘business’

Question: Computing Cost Basis For Non-Certificate Shares.?

Over many years we have had stock in a corporate bond income fund traded on the NYSE. The certificate shares are easy because you know what you paid for them. But every month, our dividends have purchased new shares of non-certificate shares. Now that we are selling it all off, how do we compute the cost basis of these non-certificate shares? If more than one way, which is best? We assume IRS wants the right numbers. We have all the records needed.

Answer: basis of non-cert shares = total of dividend proceeds used to buy them. it is possible that a certain amount of dividend paid each month was NOT used to buy more shares; do not include these small amounts as part of your share basis. example: your dividend is 54.43, the per share price is 53.37; you got one share and 1.06 cash.

Corporate Bond Sales Decline

Question: "MAINTAIN OVERWEIGHT ON SOMETHING" what does the phrase mean?

Please help me. Here are some quotes.

Answer: here it explained very well:

http://en.wikipedia.org/wiki/Overweight_%28stock_market%29

Mary Buffett - Warren Buffett and Long-Term Investing