When a stock or fund is sold in the AI Stock Portfolio or the AI Fund Portfolio, how are the proceeds reinvested?
For the purpose of computing our investment performance, on any month in which any positions are sold, all of the proceeds from the sales are equally invested into the same number of new positions. For instance, if three stocks are sold for a total of $7500, then they are replaced by three new stocks that are bought for $2500 each.
Related Questions
- Form 1099-B, Proceeds from Broker and Barter Exchange Transactions will be mailed to shareholders who have sold any of their fund shares during the year. (See the answer to the question: Why did I receive Form 1099-B, and where do I report the information?
- What is the reasoning behind the law where rolling stock purchased with FTA funds is subject to reimbursement to the FTA if sold for more than $5000 but not if sold for less?
- What price dates are used to compute the performance of the AI Fund and Stock Portfolios?
