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Originally Posted by tanner12oz
i have a moderate investment in the legg mason investors value o fund (SAIFX). generally it moves with the dow jones. couple cents up couple cents down. more up then down but today the dow went up 28 points and the fund i own dropped $1.80 cents. thats a very large swing for this fund. i browsed the net and didnt see any major news on the fund or imminent doom for the market.......so whats up with it today??? any ideas? im in for the long haul but i like to know whats going on....losing thousands of dollars in a day with no explanation isnt cool. anybody?
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Tanner - this dropped occured because of a dividend. You should see on your next statement
st div .2789/sh
lt div 1.5527/sh
If you set up to have div's automatically re-invested then you will have more shares on your next statement
Don't worry they didn't rob you , but, you will owe taxes on this distribution