Hey everyone,
Im new to mutual funds and have one through fidelity on FFANX. Yesterday was our dividend day and I have mine to automatically reinvest.
The dividends paid and reinvested were $308.45, and the fund raised $.05 yesterday, but dividend/order says I lost $48.24 and it doesn’t seem like my value went up by $308. It says my average cost basis was $13.81
Can someone tell me a litttle bit about why they started out at a lost, or why they’re all locked in the cost basis when I originally purchased the fund?
[link] [comments] https://www.reddit.com/r/stocks/comments/14xrjlk/why_do_dividends_from_my_mutual_fund_start_out_at/
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