Jason, once again you ASSUME. And we all know what that does.
Back in February the Aggressive Port was traded. . . "GLW, IRSN, RDOC and SVNX were purchased with equity from LMG.A, LDIG, NETP and HLIT." . . was written in port notes around Feb 20th. Another note reads: "2/20/00: The purchase price of VERT was adjusted downward to reflect the correct original cost of the entire portfolio. As of 2/20, the total cost was $51,250. . .and the current value was $66,793.75." This explains the 50/50 shares on VERT.
If you have ever tried to maintain one of these portfolios and actually make trades, yet maintain a particular number of shares. . . you would know that the software does not accommodate such changes. . . .so it requires careful bookeeping by the part of the portfolio custodian.
Would you like to be custodian of the next group of portfolios? It only requires about 20 hours per year per portfolio. . . for set-up, documentation, split, takeover and spinoff distribution, etc. research. What do you say?
Oh, also. . .ADAP split 2 for 1 around April 1 and GLW split 3 for 1 around Oct 6.
Rande Is |
