I see it as "phantom" income, because, as you say the dividend was automatically plowed back into the fund. However at the end of the day- (or year rather) the proceed or dividend wasn't enough to offset the loss of value of the stock. It's like this, suppose you give me $1,000. I slice off $50 from your $1,000 and tell the government you "made" $50, but meanwhile your $1,000 depreciates to $925. That's phantom income in my book. Our govn't tells us we should save for our future, not count on social security, and this is how it goes. Sorry for whining. I'd just be staying away from the stock market...
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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