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| In microsoft.public.money, Hal C wrote: - quote - > I have an unusual investment which money shows as having
It ignores the Return of capital in the analysis. i.e., a bug.> a negative return when in fact it is positive. Take this > simplified example: 1 Jan 2000 buy 1000 shares [at] $100, on > 1 Jan 2001 buy another 1000 at $100, and on 1 Jan 2002 > buy a further 1000 [at] $100. On 1 Jul 2002, receive a > dividend of $150,000. On 1 Jan 2003, the company makes a > full return of capital of $100 per share or $300,000 > total. As of 1 Jan 2003, after the return of capital, the > share value is $30 each. > Money shows the return as ROI all dates minus 20%, annual > return minus 10.1%. Quicken shows annual return as > 32.36%, which is correct. What is wrong with Money's > return algorithm??? Another return of capital bug is that Money accepts a negative value, but treats it as a positive return of capital: it reduces the basis. |
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| I have an unusual investment which money shows as having a negative return when in fact it is positive. Take this simplified example: 1 Jan 2000 buy 1000 shares [at] $100, on 1 Jan 2001 buy another 1000 at $100, and on 1 Jan 2002 buy a further 1000 [at] $100. On 1 Jul 2002, receive a dividend of $150,000. On 1 Jan 2003, the company makes a full return of capital of $100 per share or $300,000 total. As of 1 Jan 2003, after the return of capital, the share value is $30 each. Money shows the return as ROI all dates minus 20%, annual return minus 10.1%. Quicken shows annual return as 32.36%, which is correct. What is wrong with Money's return algorithm??? |
| Tags |
| calculation, incorrect, money, return |
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