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Buy and hold a single share of an ETF you simply want to track closely?

hank
edited March 5 in Other Investing
I’m trying to compare longer term performance of my recently acquired CEF collection against the globally diversified etf I sold to buy them. Easy so far, as I recorded the number of shares of the fund sold. The issue is keeping track of and “reinvesting” the quarterly dividends the old fund kicks out. They vary each month. It has occurred to me I might buy a single share of the Cambrea etf I sold at Fidelity. Fido is excellent at announcing coming distributions and exact amount per-share several days in advance.

Make any sense? Would both Fidelity and Cambrea allow it? ISTM since this is an ETF, it should be allowed. This is a Roth IRA, so no tax reporting issues.

Alternatively, perhaps there’s a web site that would automatically track and update an invested amount (including dividends reinvested) . Neither of the 2 tracker (apps) I use is capable of that.

Comments

  • yogibearbullyogibearbull
    Growth charts at M*, Yahoo Finance, PV, StockCharts will do the same. Or, use M* Portfolio.
  • hank
    edited March 5
    Thanks Yogi. My “scatter-brain” would probably find it easier and more reliable to do by owning a single share. (about $29.00 currently). Don’t run any portfolios online, preferring dedicated apps.

    Occurs to me that adding or withdrawing sums in those CEFs would upset the apple cart over time and impact the results. Still, I’d like to try to compare dollar amounts as long as feasible - at least for 6 months to get a feel. The goal is to perform better over time than the old etf and still keep the volatility as low or lower.
  • BaluBalu
    I do that at Schwab in an account I only hold mutual funds. Reinvest all dividends. Gets me an approx idea for a quick and dirty initial conclusion but what Yogi said is more effective for portfolio action.
  • hank
    edited March 5
    ”I do that at Schwab in an account I only hold mutual funds. Reinvest all dividends”

    Thanks. Probably what I’ll do. Can’t imagine there’d be any flack. It’s much easier in this case than getting up to speed at I site I never visit. Appreciate your interest.
  • BaluBalu
    @hank,

    Of the tools Yogi suggested, I mostly use M* for portfolio action. I use Yahoo Finance for watch lists of publicly traded products because IME quotes update more concurrently than at M* during market hours. Google Finance may be better than Yahoo Finance if you are starting out new but seek suggestions from anyone that uses or used both and other products.

    Good luck.
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